Explains Medicare premium for Social Security Disability Income (SSDI) beneficiaries. Two component of Medicare; Qualifies Medicare Beneficiaries (QMB) program; Eligibility for the QMB program; Specified Low-Income Medicare Beneficiary (SLMB) as an expansion of the QMB program; Contact information....
If you keep all or part of the security deposit because the tenant damaged the rental property, include the amount you keep in your taxable income for that year if you deduct the cost of repairing the damage as an expense (see below). On the other hand, if you use the deposit to ...
paychecks. These taxes include Social Security, Medicare, and federal income tax withholding. In addition to withholding taxes, businesses are also responsible for paying their share of Social Security and Medicare taxes. If a business overpays or makes an error when calculating these taxes, it may...
You must payself-employment taxeson your business income, in addition to income tax, if you own a pass-through business. The self-employment tax is for Social Security and Medicare, and it's paid at 15.3% of your share of the business net income, or the entire business net income if y...
Taxes have been in the news a lot lately. What changes should I expect from the tax bill Congress recently passed? Here is a brief overview of the Tax Cuts and Jobs Act passed by Congress. President Trump signed the bill into law on Dec. 22, 2017, and the changes will become effective...
Sell your losers and you can deduct the losses against capital gains, as well as use up to $3,000 in losses to offset taxable income. Still like the investment? Swap it for a similar one. But don’t violate the “wash sale” rule, which requires a 30-day wait to b...