House Republicans released the legislative text for the Medicaid aspect of their massive domestic policy bill, which will put ...

Although retirement policy is mostly untouched, the bill would repeal section 103(e) of the SECURE 2.0 Act of 2022, that would have created a modified Saver’s Credit.

The tax has two parts: The payroll tax required by the Federal Insurance Contributions Act (FICA) and the self-employment tax required by the Self-Employment Contributions Act (SECA). The Medicare ...

Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to ...

The clock is ticking on the estate and gift tax provisions in the Tax Cuts and Jobs Act, so the sooner you act on removing ...

The unemployment compensation system in the United States operates as a joint federal-state program. Unlike a direct federal ...

Workers pay 1.45% of all earnings to the Federal Insurance Contributions Act (FICA), which is the name of a tax deducted from your paycheck. Employers pay another 1.45%, for a total of 2.9% of ...

They are known as FICA taxes (short for Federal Insurance Contributions Act) and SECA taxes (short for Self-Employed Contributions Act). The Social Security tax rate is 6.2% for employees and 12.4 ...

However, you can elect to have your LLC taxed as an S-Corp. One advantage of this approach is that you'll only have to pay a FICA tax (Federal Insurance Contributions Act tax, which helps fund ...

Updated requirements for retirement plans in 2025 allow employees and employers to benefit from increased savings and reduced ...

The proposed law, which targets colleges using specific admissions practices, could cost Harvard over $106 million.