Money Talk

AUGUST 16, 2023

Tax Withholding Accuracy - With multiple income sources, accurate withholding is a must via payroll deduction, quarterly payments, and the safe harbor rules for under withholding. Medicare Premium Tax Write-Off - Self-employed people age 65+ who are enrolled in Medicare Part B and D can deduct their monthly premiums against business income.

Taxes 130

Taxes Pension Deductions Deductible 130

Employee Benefits

JANUARY 21, 2022

Responsible employers will inform employees whom they plan to re-enrol, so that they’re aware that pension contributions will be deducted from their monthly pay. This can be delivered face-to-face or online and utilises digital nudge technology to encourage employee engagement and participation.

Pension 52

Pension Taxes Pension Benefit Education 52

Money Talk

DECEMBER 22, 2021

Pension COLAs - Pension benefits for some retirees are also indexed for inflation. An example is pensions for federal government workers and military retirees and disabled veterans. a $59 increase for every $1,000 of benefits) in 2022. Their COLA, like Social Security, is 5.9% (i.e.,

401(k) 227

401(k) Pension Taxes Deductions 227