Payroll Taxes, Medicare Taxes | JD Supra Law News

Understanding the American Taxpayer Relief Act of 2012

by W. King Copler | Chambliss, Bahner & Stophel, P.C. on 2/14/2013

The American Taxpayer Relief Act of 2012 was signed into law on January 2, 2013. The Act permanently extends many of the Bush-era tax cuts, while increasing tax rates for higher income taxpayers. Below is a brief summary of...more

American Taxpayer Relief Act Affects Mass Transit Benefits and Other Employee Benefits

by Emily Erstling, Paul M. Hamburger, Lisa Berkowitz Herrnson, Steven Weinstein | Proskauer Rose LLP on 1/21/2013

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 ("ATRA") into law. ATRA, adopted as an alternative to stepping over the "fiscal cliff," preserves most of the Bush-era tax cuts and...more

Estate Planning After the Fiscal Cliff Deal

by Katten Muchin Rosenman LLP on 1/17/2013

Now that a deal averting the fiscal cliff has finally been reached, many of the tax and planning issues that have been mired in uncertainty for the past two years (and even longer in some cases) may be resolved. Numerous tax...more

Why Your Paycheck Might Be Different in 2013

by Donna Ray Berkelhammer | Sands Anderson PC on 1/16/2013

The first paycheck of 2013 may have more money taken out than the last paycheck of 2012. Here’s why: SOCIAL SECURITY TAX For the past two years, employees received a break on the amount they were paying into Social...more

Washington Insight - Special Edition: Congress Steps Away From Fiscal Cliff

by King & Spalding on 1/11/2013

For months in Washington, and beyond, attention has been focused on the "fiscal cliff" -- the combination of the expiration of the Bush tax cuts and the looming budget cuts referred to as "sequestration." Negotiations led by...more

American Taxpayer Relief Act of 2012 Approved by Congress and Signed by the President

by Dechert LLP on 1/11/2013

Summary - President Obama on January 2, 2013 signed into law the American Taxpayer Relief Act of 2012 (the “Act”). The Act extends certain tax rates, tax credits, and other provisions previously enacted by other tax...more

Fixing the Debt: Update on U.S. Fiscal Cliff Crisis (9th Edition) - January 1, 2013

by Rosemary Becchi, Micah Green, Erin McGrain, Daris Meeks, Emanuel Rossman, Aubrey Atwood Rothrock, III, Joseph Urso | Patton Boggs LLP on 1/8/2013

THE LEGISLATION - Following a day of tumultuous House Republican caucus deliberations, at 11:00 pm, the House passed The American Tax Relief Act of 2012, a cliffhanger deal negotiated by Vice President Biden and Senate...more

The American Taxpayer Relief Act of 2012

by Luis Patiño, Taylor Perodeau, Laura A. Taylor | Venable LLP on 1/8/2013

Introduction - As you no doubt have heard, the U.S. was set to plunge over the “fiscal cliff” on New Year’s Day if Congress failed to act. In the early morning hours of New Year’s Day, a deal was made that averted the...more

A Soft Landing From The Fiscal Cliff For Employee Benefits

by Vicki M. Nielsen, David Rosner | Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/7/2013

Well, Congress in the season of giving has provided plan sponsors and participants with multiple beneficial opportunities to start 2013. Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8), also known as the...more

Don’t Forget About That Other 0.9%

by Charles (Chuck) Rubin on 1/7/2013

Much ink has been spilled about how wage earners are getting a 2% haircut in their take-home pay. This arises from the failure of the new tax bill to extend the temporary 2% cut in employees’ share of social security tax....more

Fiscal Cliff Tax Changes

by Pepper Hamilton LLP on 1/7/2013

On New Year’s Day 2013, the “American Taxpayer Relief Act of 2012” (the Act) was enacted to avoid the impact of automatic “fiscal cliff” tax increases. The Act, effective January 1, 2013, retains and makes permanent the...more

The Permanent (For Now) Fiscal Cliff Compromise of 2012

by Pepper Hamilton LLP on 1/4/2013

In dramatic fashion, Congress adopted its New Year’s tax resolutions just in time to save us from falling off the cliff. The American Taxpayer Relief Act of 2012 (ATRA) passed the Senate in the wee hours of New Year’s...more

The American Taxpayer Relief Act Of 2012: Key Business And Individual Income Tax Provisions

by Isaac Hirsch, Christina M. Iafe, Andrew Segna, Brian Silikovitz | Lowenstein Sandler LLP on 1/4/2013

On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012 (the “Act”), which halts tax increases scheduled to go into effect for most Americans as part of the so-called fiscal cliff. The Act generally...more

FICA Tax “Holiday” Ends With 2012, and Social Security and Medicare Contributions Increase For Some Employees

by Kristyn Bunce DeFilipp, Robert A. Fisher | Foley Hoag LLP on 1/3/2013

On January 1, 2013, Congress approved the American Taxpayer Relief Act of 2012, the bill designed to avert the so-called “fiscal cliff.” The Act, which President Obama signed into law yesterday, extended certain tax relief...more

Affordable Care Act Update: Additional Medicare Tax Withholding Required in 2013

by Steve Gerlach | Bernstein Shur on 1/3/2013

The IRS recently issued guidance for employers on withholding the Additional Medicare Tax required under the Affordable Care Act starting in 2013...more

American Taxpayer Relief Act of 2012 - Full Copy

by JD Supra Law News on 1/2/2013

Full text copy of the American Taxpayer Relief Act of 2012, bipartisan legislation enacted at the 11th hour to keep the country from falling off of the "Fiscal Cliff." From the New York Times: "Only the most affluent...more

2013 Brings New Taxes to High Income Taxpayers

by Jonathan R. Flora | Schnader Harrison Segal & Lewis LLP on 12/28/2012

The Patient Protection and Affordable Care Act (sometimes called “Obamacare”) comes with two new taxes for higher income taxpayers beginning on January 1, 2013: (i) a 3.8 percent Medicare contribution tax on net investment...more

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Payroll Taxes › Medicare Taxes