The Social Security wage base for employees and self-employed people is increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income…
Self-Employed and Household Employers: How to Repay Deferred Social Security Taxes
As part of coronavirus relief legislation, self-employed individuals and household employers were allowed to defer the payment of certain Social Security taxes for the tax year 2020 over two calendar…
Changes to Social Security Benefits and Taxes
The Social Security Administration recently announced some changes to benefits and taxes for 2022. First, the wage base for computing Social Security tax will increase from $142,800 to $147,000. Also,…
Will You Have to Pay Tax on Your Social Security Benefits?
If you’re getting close to retirement, you may wonder: Are my Social Security benefits going to be taxed? And if so, how much will I have to pay? It depends…
How to Avoid Social Media Scams
How many dogs do you have? What is your favorite car color? What is your best friend’s name ? These may seem like innocent questions in a quiz on social…
Kick off National Security Month with Free Training
KnowBe4, the provider of the world's largest security awareness training and simulated phishing platform, recently announced it has launched a new course, "Social Media: Staying Secure in a Connected World"…
Answers to Your Tax Season Questions
The IRS announced it will open the 2024 income tax return filing season on January 29. That’s when the tax agency will begin accepting and processing 2023 tax year returns.…
Don’t Overlook Taxes When Contemplating a Move to Another State
When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be closer to family members. Don’t…
The “nanny tax” must be paid for nannies and other household workers
You may have heard of the “nanny tax.” But if you don’t employ a nanny, you may think it doesn’t apply to you. Check again. Hiring a housekeeper, gardener or…