News

The league’s salary cap doesn’t account for tax differences between jurisdictions, so where you play can significantly affect ...
(THE CONVERSATION) President Donald Trump’s promise to eliminate taxes on tips may sound like a windfall for service workers — but the fine print in Congress’ latest tax bill tells a more complex ...
One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on Social Security benefits.
Iowa businesses will see a $1.2 billion reduction in the unemployment insurance tax over the next five years under ...
It has been estimated that the Social Security trust funds will run dry in 2035, so it’s critical to begin saving for ...
This new tax exemption will therefore save them 12 cents on that tip ... They will, however, continue to pay FICA taxes, a deeply regressive tax that effectively deducts $15.30 from every $ ...
If you’re living or working in California, understanding how the California state income tax system works can help you plan better and possibly save money ... like FICA taxes withheld from ...
Self-employed workers pay both sides, for a stinging 15.3%. If the president did cut FICA taxes, too, that would save these households $5,738 per year. The number applies to both single and ...
You must pay your FICA taxes, and those payments don't guarantee a comfortable retirement. Now's the time to save as much as you can, especially if your FICA tax rate may rise in the future.