Want to Deduct an Event Ticket? As an employee, can you ever deduct the cost of a sporting event or other ticket on your expense report? Surprisingly, the answer can be yes, but only if you know and abide by the rules. The accountable plan If your employer uses accountable plan rules for reimbursing expenses,…
Month: October 2016
2017 Social Security Wage Base The Social Security Administration (SSA) released updated information about payroll taxes on Tuesday, October 18, 2016. Individuals earning above $118,500 in wages should expect to have more money taken out in payroll taxes in 2017. For 2017, up to $127,200 of wages will be taxable for social security. This…
Recovering from Identity Theft There are now millions of victims of the identity theft epidemic. From stolen credit cards to fraudulently filed tax returns, a vast swath of the U.S. is trying to figure out how to repair the damage. To help, the Federal Trade Commission has created a nice tool to work through the…
Preview of Some Key 2017 Tax Figures While official numbers for 2017 are not yet released by the Internal Revenue Service (IRS), many figures are based on the Consumer Price Index (CPI) published by the Department of Labor. Using the release of recent CPI figures, a number of sources are projecting key figures for…