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More changes are sure to come this year...from IRS, Congress, and the courts.  And 2013 will mark that start of a major debate on overhauling the income tax code.  We'll be here to report the changes being considered...and how you'll be affected.

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Payroll Tax Increase

Posted on May 24, 2013 at 9:49 am

The payroll tax reduction expired on December 31, 2012.  Lawmakers did not renew the two-percentage-point cut in employees' share of the Social Security tax.  The amount went from 4.2% to 6.2% and from 10.4% to 12.4% from the self-employed.

See Tweeten & Young CPA's P.C. for more details on these changes.

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