Retirement Expert: SECURE 2.0’s Impact on RMD Penalty Tax Collection Is TBD
The SECURE 2.0 Act, included in the year-end omnibus bill approved by Congress (Consolidated Appropriations Act, 2023), features 100 retirement provisions that …
2023 Social Security Wage Base Increases to $160,200
The Social Security Administration (SSA) has announced that the maximum earnings subject to Social Security tax (Social Security wage base) …
New guidance for employers that over-collect additional Medicare tax
The Spring issue of the Social Security Administration/Internal Revenue Service (SSA/IRS) Reporter gives pointers to employers that over-collect the 0.9% …