Not Yet Registered?
You can have access to our in-depth exclusive content on NQDC in just a few clicks.
Abbreviation of Self-Employment Contributions Act. SECA taxes are the self-employment version of FICA taxes, the Social Security and Medicare contributions withheld from the pay of employees. Consultants and outside directors with nonqualified deferred compensation pay SECA taxes and have other tax-related filing requirements, as explained on the IRS website. For details, see the section Taxes: Reporting.