For residents living in New Jersey and Pennsylvania who work across the state border, personal income taxes will no longer be impacted in January 2017 by New Jersey’s proposed withdrawal from the Reciprocal Personal Income Tax Agreement. On Tuesday, November 22nd, Governor Chris Christie reinstated the tax reciprocity agreement, reversing his initial decision to withdraw, […]
In May of this year the US Department of Labor proposed a final ruling to increase the minimum salary threshold for exempt employees from $23,600 to $47,476 annually or from $455 to $913 per week. As a result of the ruling, starting December 1st, exempt employees earning less than $47,476 were to become eligible for […]
The Social Security Administration (SSA) announced there not will be an increase in the Social Security and Disability Insurance taxable wage base for 2016. This is first time in five years that there will be no increase.
On October 22, 2014 the Social Security Administration (SSA) announced there will be a $1,500 increase in the Social Security and Disability Insurance taxable wage base for 2014. In addition, there will be a 1.7% cost of living increase for the more than 58 million people collecting Social Security benefits. With the Social Security wage […]
On October 30, 2013 the Social Security Administration (SSA) announced there will be a $3,300 increase in the Social Security and Disability Insurance taxable wage base for 2014. In addition, there will be a 1.5% cost of living increase for the more than 57 million people collecting Social Security benefits. With the Social Security wage […]
For residents living in New Jersey and Pennsylvania who work across the state border, personal income taxes will no longer be impacted in January 2017 by New Jersey’s proposed withdrawal from the Reciprocal Personal Income Tax Agreement. On Tuesday, November 22nd, Governor Chris Christie reinstated the tax reciprocity agreement, reversing his initial decision to withdraw, […]
In May of this year the US Department of Labor proposed a final ruling to increase the minimum salary threshold for exempt employees from $23,600 to $47,476 annually or from $455 to $913 per week. As a result of the ruling, starting December 1st, exempt employees earning less than $47,476 were to become eligible for […]