Posts on Jan 1970

Social security limits & earning money while receiving it

For 2017 the Social Security taxable wage base is $127,200.  You will pay 6.2% social security tax on wages up to that amount.  This base increased $8,700 from last year. There is no limit on the amount of wages you will pay Medicare tax on.  That tax rate is 1.45% If you are receiving social […]

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Federal Student Aid – IRS Data Retrieval Tool Now Available

Due to a security breach, the IRS Data Retrieval Tool utilized in completing a Free Application for Federal Student Aid (FAFSA) form was temporarily shut down.  The U.S. Department of Education has announced new encryption protections have been added to help secure taxpayers’ information.  The retrieval tool is now available for Income-Driven Repayment Plan Applications. The IRS […]

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