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August 18, 2019

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Steiner and Granger: 2013 FICA tax increase surprises some taxpayers

Steiner & Granger
Jason A. Granger

141 N. Main St
P.O. Box 28
Bluffton, OH 45817
419-358-0689
jgranger@sagepointadvisor.com

With all the end-of-year hype surrounding the fiscal cliff and the relief that came with New Year's legislation permanently extending most income tax rates, one change seems to have been veiled by the settling dust: the 2 percent increase in FICA (Federal Insurance Contributions Act) tax.

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Steiner & Granger: The economics of borrowing from your 401(k)

Provided by: Steiner & Granger Insurance and Financial Services

jgranger@sagepointadvisor.com

When times are tough, that pool of dollars sitting in your 401(k) plan account may start to look attractive. But before you decide to take a plan loan, be sure you understand the financial impact. It's not as simple as you think.

The basics of borrowing

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Steiner and Granger: The investment tax landscape: Countdown to 2013

 

Provided by Steiner & Granger
Insurance and Financial Services
jgranger@sagepointadvisor.com

In December 2010, Congress extended the so-called Bush-era tax cuts. However, for investors, the legislation may have been a stay of execution rather than a full pardon. As of January 1, 2013, federal tax rates on income, qualifying dividends, and capital gains (among other provisions) are scheduled to revert to previous levels.

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Steiner and Granger: Breaking down the taxpaying population: Where do you fit in?

Provided by Steiner & Granger?I
nsurance and Financial Services
?jgranger@sagepointadvisors.com
Every quarter, the Statistics of Income Division of the Internal Revenue Service (IRS) publishes financial statistics obtained from tax and information returns that have been filed with the federal government.
Recent reports reflect data gleaned from 2009 individual federal income tax returns. These reports offer a snapshot of how Americans break down as taxpayers.
Sources for data

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Steiner and Granger: What does the Supreme Court Ruling on the Health-Care Reform Law mean for you?

Provided by Steiner & Granger
Insurance and Financial Services
jgranger@sagepointadvisors.com

On June 28, 2012, the U.S. Supreme Court ruled, in a landmark decision, that the Patient Protection and Affordable Care Act (ACA), including the provision that most Americans carry health insurance or pay a penalty, is constitutional.

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Steiner and Granger: Of Taxes Past, Present, and Future

Provided by Steiner & Granger
Insurance and Financial Services
jgranger@sagepointadvisors.com

With the 2011 tax filing season behind us, much attention is being paid to the expiring "Bush tax cuts"-- the reduced federal income tax rates, and benefits, that will expire at the end of 2012 unless additional legislation is passed. In fact, though, several important federal income tax provisions already expired at the end of 2011.

Here's a quick rundown of where things stand today.

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