Self-employment allows individuals to be their boss and pursue their passions while managing their businesses. However, this autonomy comes with additional financial responsibilities,...
Posted by Taxes Made EZ Inc on 08/11/2023
The Federal Insurance Contributions Act (FICA) tax is a federal payroll tax imposed on employees and employers to fund Social Security and Medicare programs. FICA tax is a critical...
Posted by Pat Raskob on 03/14/2023
Many people are usually confused about the benefits of a spouse or an ex-spouse. People also wonder what happens with their spousal benefits if claimed before or after the full retirement...
Posted by Flynn Financial Group Inc on 04/27/2020
Parliamentarians have been trying for years to slightly give the seniors a bit of break at the time of taxation, and the 2018 bipartisan Budget Act has finally taken a decisive step...
Posted by John Pournaras Agency on 10/29/2019
The legislators have been pursuing for a considerable length of time to allow seniors a touch of some breathing room at tax time, and the Bipartisan Budget Act of 2018, at last, made...
Posted by Advanced Accounting & Tax Planning on 10/23/2019
Beginning in 2019, the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $132,900 as announced by the Social Security...
Posted by John Pournaras Agency on 01/22/2019
If you are Paying greater than 1/2 of your dependent’s family expenses than you are eligible to claim the person on your taxes. Unlike kids, mother and father don’t have...
Posted by J.R.'S TAX SERVICE on 05/16/2018
Posted on by Jim Borland, Assistant Deputy Commissioner, Communications - Social Security MattersEvery worker’s dream is to enjoy a secure retirement. Social Security...