Important 1 Percent Sales Tax Increase to be Decided by Voters in May
A number of law changes go into effect in 2013 that will result in employees seeing smaller paychecks, including the expiration of the payroll tax cut, the increase in the Social Security taxable wage base, and the new 0.9% Medicare tax imposed on high wage earners. This article explains the changes and provides illustrations to show their effect on workers' paychecks.
WASHINGTON — Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
The 1099 Comprehensive Taxpayer Protection Act did not repeal some other new information reporting requirements. In particular, taxpayers need to take notice of three new information reporting requirements that are now in effect after having withstood campaigns to have them repealed since their enactment...
On a resounding 277-148 vote, the House today (shortly after midnight) sent to the President the tax bill that will reduce taxes on virtually all working Americans and continue for two years the tax reductions enacted during the Bush Administration. This is the same bill the Senate approved earlier this week, so the bill now goes to the President, who will sign it into law. ..