For example, a portion of your paycheck is withheld under the FICA tax. FICA stands for Federal Insurance Contributions Act, ...

For example, a portion of your paycheck is withheld under the FICA tax. FICA stands for Federal Insurance Contributions Act, ...

Unlike tax rates, tax burdens measure the amount of money taken from your personal income. Tax burdens vary depending on ...

Rebekah Proctor and her husband, Corey Proctor, have been at the center of a series of WSMV4 investigations ranging from ...

One person is dead after a two-car crash in the Town of Seneca Falls. On Friday, February 14, just before 9:00 p.m., the Town of Seneca Falls Police ...

The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply ...

Employees may be exempt from the withholding of Social Security and Medicare payroll (FICA) taxes if they have an F-1 or J-1 visa. Purdue University uses a web-based tax compliance system, called ...

On January 16, 2025, the Internal Revenue Service (“IRS”) issued Revenue Ruling 2025-4 (the “Rev. Rul.”). The Rev. Rul. provides guidance on ...

If populism is supposed to address the concerns of ordinary working people, what kinds of changes to the Social Security ...

According to a Department of Justice press release, a federal grand jury in Houston has indicted a Texas man for allegedly failing to remit payroll taxes that his company withheld from employees' ...

Self-employment taxes are similar to FICA taxes you pay toward Social Security and Medicare when you have a traditional job. With a regular job, most people pay 6.2% of their wages for Social ...

Pre-Tax Vs. Post-Tax Catch-up contributions made before year-end can go to either traditional retirement accounts, which reduce current-year income taxes, and are known as pretax funds, or to Roth ...