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2018 Payroll Changes

Posted By: EQTAX
Budgeting for The Unexpected

Social Security Wage Base. The 2018 wage base will be $128,400. The employee and employer match will be 6.2%. The maximum deduction will be $7,960.80 ($128,400 x 6.2%). Medicare Tax. As in prior years, there is no limit to the wages subject to...

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Self-Employed Deduction Tips

Posted By: EQTAX
Budgeting for The Unexpected

It’s hard to believe the end of the year is almost here. For the self-employed, it means the countdown is on to reduce 2017 net income by making tax-deductible purchases related to work. This may include educational expenses, such as taking a...

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2018 Tax Reform Bill

Posted By: EQTAX
Budgeting for The Unexpected

The new tax reform bill overhauls the Internal Revenue Code and provides broad tax relief to workers, families and businesses of all sizes. Tax rates are lowered for individual taxpayers and businesses, taxed deductions and credits are increased...

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IRS Changes and Updates for Tax Year 2017

Posted By: EQTAX
Budgeting for The Unexpected

The following list summarizes tax and form changes for tax year 2017 known at the time this document was published. The list below also includes some other items of interest, such as existing Affordable Care Act provisions. Also, be sure to...

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Budgeting for The Unexpected

Posted By: EQTAX
Budgeting for The Unexpected

Life is full of unexpected events such as unexpected pregnancies and job lay-offs, but there is no need to panic because by budgeting carefully the impact that these burdens have on your life can be minimized. Here at E&Q Tax we are fully...

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