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SECA

   Also found in: Encyclopedia, Wikipedia 0.04 sec.
AcronymDefinition
SECASolid State Energy Conversion Alliance
SECASwiss Private Equity & Corporate Finance Association
SECASouthern Early Childhood Association
SECASociety for the Encouragement of Contemporary Art (San Francisco Museum of Modern Art; California)
SECASulphur Emission Control Area
SECASOx Emission Control Area
SECAStato Ecologico Dei Corsi d'Acqua (ecology, Italy)
SECASelf-Employment Contributions Act of 1954
SECASouth East Clown Association (North Carolina, USA)
SECASupport Equipment Controlling Authority
SECAState Employees Commuter Association (Albuquerque, NM)


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3121(v), there is no statutory section allowing or requiring a self-employed individual to take deferred compensation into account for SECA purposes before the compensation is taken into income for income tax purposes.
Therefore, such expenses can reduce SECA tax payable by that individual and should be taken into account when completing Schedule SE of Form 1040.
For employee wages, these taxes are often referred to as FICA (Federal Insurance Contribution Act) taxes; for self-employment income (such as corporate director fees), they are known as SECA (Self-Employment Contributions Act) taxes.
 
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