Posts Tagged ‘rate’
The IRS and the Tax Mileage Deduction · 9 January 2012
Those long business trips may be boring and tedious, but there is a bright side to them: the Tax Mileage Deduction. For every mile you drive for your business, you get to deduct a certain amount of money; so if you do a lot of driving for your job, you’ll have a nice wad of [...]
Will 2012 and 2011 Have the Same FUTA Rate? · 27 December 2011
The taxable wage base is the first $7,000 paid in wages to each employee during a calendar year. Employers who pay the state unemployment tax, will receive an offset credit of up to 5.4%. The net FUTA tax rate is generally 0.8% (6.2% – 5.4%). FUTA tax is filed annually using tax form 940. There [...]
When You Inherit, You Get Taxed? · 22 December 2011
The federal inheritance tax is also commonly referred to as a “death tax” because it is a tax that is imposed on all estate money and property after estate owners pass away and leave their estate or a portion of their estate to another person. When the federal government imposes an estate tax, the amount [...]
