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Payroll Tax Cut....... Or Not?

The proposed budget agreement on Capitol Hill is kind of like a holiday fruitcake; it looks good on the outside, but is it really fit to eat? It sounds good: Social Security withholding will be 2% less for the year. However, the proposal also lets the Making Work Pay (MWP) credit expire for 2011. The Making Work Pay Credit provided a maximum credit of $400 per person or $800 per couple toward federal tax liability. By comparing the numbers, it's clear that this agreement as described actually make taxes higher for a percentage of tax payers.

Payroll Tax Cut....... Or Not?

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Updates to 2024 Federal Taxes

IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!

2024 Federal Benefit Limits Increase

Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!

Maximize Your 401k Contributions in 2024: A Guide with Calculator

New updates to the 2023 and 2024 401k contribution limits. Use a free paycheck calculator to gain insights to your 401k and financial future.