The Social Security cost-of-living adjustment for 2018 is the largest since 2012. More than 61 million Americans will receive a 2% COLA in their Social Security benefits. This increase will begin in January 2018. However ...
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The 2017 Pennsylvania Tax Amnesty Program is available for 60 days beginning on 4/21/17. This program will waive all penalties, collection and lien fees as well as half of the interest for delinquent taxes. Eligible participants who choose not to participate will be subject to an additional 5% penalty and additional enforcement actions.
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Income tax filing begins January 23, 2017. Millions of taxpayers will have their refunds delayed this year in an effort to save billions in fraudulent tax refunds.
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Beginning in January 2017, monthly Social Security Income Benefits will increase by only 0.3%. This means the retired worker who ...
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Beginning on January 1, 2017, the standard mileage rates for the use of a car, van, pickup or panel truck have decreased ...
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On 11/22/16, a US District Court Judge issued a nationwide temporary injunction that halted the Department of Labor’s (DOL’s) new rule on overtime that was to begin on 12/1/2016 ...
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If you use services like iTunes downloads, eBooks, and Netflix, your purchases are now subject to a 6 percent sales tax. ...
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Beginning on January 1, 2016, the standard mileage rates for the use of a car, van, pickup or panel truck have decreased ...
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In 2016, if you go without health insurance the penalty will be the larger of $695 per adult person plus $347.50 per child or 2.5% of household income ...
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The Social Security Administration announced there will be no cost of living adjustment in benefit checks for 2016 ...
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Minimum wage is the lowest hourly wage an employer is required to pay an employee. The federal Fair Labor Standards Act (FLSA) is the statute which applies to most employers and establishes the minimum wage and overtime requirements for most employers.
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The 2008 version of the homebuyer credit needs to be repaid in equal installments over 15 years. This pay-back feature applies only to ...
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Beginning on January 1, 2015, the standard mileage rates for the use of a car, van, pickup or panel truck have increased by one and a half cents for business miles. Medical and moving purpose miles have decreased by a half cent while the rate for miles driven in the service of charitable organizations remains unchanged. The standard mileage rates set by the IRS for 2015 are
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On October 23, 2014, the IRS released the 2015 tax year cost of living adjustments which include higher contribution levels for most of the company sponsored qualified tax-deferred savings plans. The contribution limits for IRA’s remain unchanged from the 2014 limits. The maximum contribution levels for 2015 include
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This tax credit helps low and moderate-income workers save for retirement by giving a federal tax credit to qualifying individuals when they contribute to a Traditional or Roth IRA or a workplace retirement program including 401(k), 403(b), governmental 457, SEP and SIMPLE
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A new tax is now in effect from the Affordable Care Act (Obama Care). The Net Investment Income Tax is imposed by section 1411 of the Internal Revenue Code applies at a rate of 3.8 percent to certain net investment income of individuals, estates and trusts that have income above the statutory threshold amounts.
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