Important Tax Figures for 2015

The following table provides some important federal tax information for 2015, as compared with 2014. Some of the dollar amounts changed due to inflation. Other amounts changed due to legislation. Social Security/ Medicare 2015 2014 Social Security Tax Wage Base $118,500 $117,000 Medicare Tax Wage Base No limit No limit Employee portion of Social Continue Reading

What’s New on Your 2013 Form 1040

Last year's W-2s and 1099s should be arriving in your mailbox or inbox soon. So it's officially time to start thinking about filing your 2013 personal tax return. Here's what you need to know about the key tax law changes that took effect in 2013: Higher Rates for Upper-Income Individuals Most individuals will pay the same federal income tax rates for 2013 that they did for 2012 (10, 15, Continue Reading

Important Tax Figures for 2014

The following table provides some important federal tax information for 2014, as compared with 2013. Some of the dollar amounts change due to inflation. Other amounts are changing due to legislation. Social Security/ Medicare 2014 2013 Social Security Tax Wage Base $117,000 $113,700 Medicare Tax Wage Base No limit No limit Employee portion of Social Continue Reading