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25
OCT
2021

Employers: The Social Security wage base is increasing in 2022

Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a certain threshold aren’t subject to Social Security tax. The “wage base” for 2022 was recently announced.
17
AUG
2021
Do you have a disabled family member that you’d like to help out financially but you don’t want them to lose eligibility for their government benefits? You may be able to use a tax-advantaged ABLE account.

ABLE accounts may help disabled or blind family members

Do you have a disabled family member that you’d like to help out financially but you don’t want them to lose eligibility for their government benefits? You may be able to use a tax-advantaged ABLE account.
08
JUN
2021
Tax planning is still important after you retire. Here are some of the tax implications of retirement.

Retiring soon? 4 tax issues you may face

Tax planning is still important after you retire. Here are some of the tax implications of retirement.
09
FEB
2021
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.

2021 individual taxes: Answers to your questions about limits

How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
08
FEB
2021
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.

Many tax amounts affecting businesses have increased for 2021

How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
03
NOV
2020
Disability income: How is it taxed?

Disability income: How is it taxed?

If you become disabled and are fortunate enough to receive disability income, you may have to pay federal tax on it. Here are the basic rules.
19
OCT
2020
The 2021 “Social Security wage base” is increasing

The 2021 “Social Security wage base” is increasing

Employees pay Social Security tax on their wages up to the current tax year’s “wage base.” The Social Security Administration just announced the base amount for 2021.
08
SEP
2020
Employers have questions and concerns about deferring employees’ Social Security taxes

Employers have questions and concerns about deferring employees’ Social Security taxes

The IRS has issued guidance to implement the deferral of the employee share of Social Security tax. But employers still have questions and concerns about whether, and how, to implement the deferral.
25
AUG
2020
Will You Have to Pay Tax on Your Social Security Benefits?

Will You Have to Pay Tax on Your Social Security Benefits?

After paying into Social Security for all your working years, you may be surprised to learn that the benefits may be taxed in retirement. Here are the rules.
17
AUG
2020
The President’s action to defer payroll taxes: What does it mean for your business?

The President’s action to defer payroll taxes: What does it mean for your business?

You may have heard the President has taken executive action to defer the employee portion of some workers’ Social Security taxes. Here’s a look at the issue.