Employers: The Social Security Wage Base Is Increasing in 2022

Employers: The Social Security Wage Base Is Increasing in 2022

The Social Security Administration announced that the wage base for computing Social Security tax will increase for 2022. How will this affect you?
The IRS Backlog Is Causing Taxpayer Heartburn

The IRS Backlog Is Causing Taxpayer Heartburn

COVID-19 brought about a perfect storm of delays for the IRS. It has been a rough couple of years, and it is taking a long time for them to catch up.
IRS Provides Guidance on ARPA Changes to Pension Plans

IRS Provides Guidance on ARPA Changes to Pension Plans

The IRS provided guidance on changes made by the ARPA regarding pension plans. The guidance also addresses the funding-based limits on benefits.
How Can You Minimize Tax on Social Security Benefits?

How Can You Minimize Tax on Social Security Benefits?

Whether your Social Security benefits are taxable depends on many issues. Fiducial can help you understand the taxability of your Social Security benefits.
Higher Income Taxpayers Beware: Tax Increases May Be Coming

Higher Income Taxpayers Beware: Tax Increases May Be Coming

The House Ways and Means Committee has released a list of proposed tax changes. As you read, notice that the provisions apply to higher income taxpayers.
Employers May “Designate” Certain Payroll Tax Payments

Employers May “Designate” Certain Payroll Tax Payments

Employers know that they must submit payroll tax payments to the federal government. However, you may have more control of those payments than you know.