Social Security › Fiscal Cliff

Surprise! Your 2012 Taxes Are Higher Than You Thought

After the close of another year, income taxes of course come to mind. While it’s clear we have to pay tax on income, there are plenty of provisions in the tax code that require federal taxes to be paid on things you may not...more

Congress Narrowly Avoids "Fiscal Cliff," But Not Increase In 2013 Social Security Tax Rate

Keeping Americans in suspense until the very last minute, Congress narrowly averted the "fiscal cliff" by passing the American Taxpayer Relief Act of 2012 (ATRA), H.R. 8, late in the evening on New Year's Day. President Obama...more

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

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