The highlights of the ATRA law include the following:

For 2013, Social Security tax rates for employees have returned to 6.2%, up from 4.2%. The tax applies to the first $113,700 of wages. The tax rates reduced in 2001 and 2003 for individuals earning up to $400,000 and families earning up to $450,000 will go unchanged per the Act. However, for Income above those levels, the tax rates will …

Like our page and keep your self updated about taxes.

Like our page and keep your self updated about taxes. Important update from the IRS: e-file will now open on January 30th (not January 22nd).Here’s the deal: 1. The IRS will begin processing individual income tax returns on Jan. 30 for the vast majority of taxpayers. 2. People claiming residential energy credits, depreciation of property or general business credits will …