federal income tax Archives

Tax Season Lessons: The Importance of a Paycheck Checkup

October 1, 2019 | posted by Abacus Payroll

In years past, the IRS has encouraged taxpayers to double-check their form W-4s to ensure that they’re paying the right amount in taxes—often to no avail. Even if you haven’t suffered the repercussions of an out-of-date W-4, here are a few steps you can take to make sure you don’t have an unexpectedly high tax […]

The Tax Cuts and Jobs Act & You: Payroll in 2018

February 7, 2018 | posted by Abacus Payroll

Each year brings new changes in how employers and employees alike must handle the following tax season, and 2018 is no different. Thanks to the recently passed Tax Cuts and Jobs Act, you can expect changes to the way that you handle tax documents, exemptions, tax rates, fringe benefits, and more in the coming tax […]

2018 Federal Payroll Tax Rates

December 18, 2017 | posted by Abacus Payroll

Following is a summary of the federal 2018 payroll tax changes including Social Security, Medicare, Unemployment Tax, Minimum Wage, 401(k) limits and more. Print Full 2018 Payroll Tax Alert [PDF] Social Security / Medicare The wage base increases to $128,400 for Social Security and remains UNLIMITED for Medicare. For Social Security, the tax rate […]

Anatomy of a Paycheck: What to Deduct and Why

March 25, 2016 | posted by Abacus Payroll

Though tax and paycheck deductions are a routine part of any payroll process, employers and employees alike tend to question what, exactly, goes into the deduction formula. We all start out with a gross pay amount, but just how do payroll managers arrive at the net pay for each paycheck? As an employer, there […]

federal income tax

Tax Season Lessons: The Importance of a Paycheck Checkup

The Tax Cuts and Jobs Act & You: Payroll in 2018

2018 Federal Payroll Tax Rates

Anatomy of a Paycheck: What to Deduct and Why

Fast Payroll Quote

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