Knowledge Resources | Tax Update

New 2019 FICA Wage Base

New updates to the FICA wage base and Social Security benefits for 2019.

Mobility Tax Advisor – Tax Update 10/9/18

10/9/2018: South Carolina becomes a conforming state, meaning no moving expense deductions are available in tax year 2018.

Mobility Tax Advisor – Tax Update 9/24/18

9/24/2018: Maine becomes a conforming state, meaning no moving expense deductions are available in tax year 2018.

Update on State Tax Conformity to IRC

As states pass legislation on the new IRC tax code, we will keep you updated here.

State Tax Conformity to IRC

States react to changes to the Internal Revenue Code (IRC), based on the recent tax changes.

 

2018 Supplemental Rate

The IRS released today the updated 2018 withholding tables which include a decrease in the 2018 supplemental rate from 25% to 22%. The withholding tables must be implemented by February 15, 2018, however, employers are encouraged to start using them as soon as possible. Employees will begin to see the effects of the new tax laws in their paychecks in February.

What 2018 Tax Reform Means for the Mobility Industry

Tax reform has officially passed both the House and the Senate and is now on its way to the President’s desk, how will this impact your mobility program?