01 Feb 2024 Key Numbers-Business Planning
2024 and 2023 numbers for small business tax credit for providing health-care coverage, updated mileage rate, earnings subject to FICA taxes and more…
Adoption Assistance Programs
Earnings subject to FICA taxes (taxable wage base)
1 An additional Medicare (HI) employee contribution rate of 0.9% (for a total employee contribution of 2.35%, and a total combined Medicare contribution rate of 3.8%) is assessed on wages exceeding $200,000 ($250,000 for married couples filing joint returns, $125,000 for married individuals filing separate returns). For married individuals filing joint returns, the additional 0.9% tax applies to the couples combined wages (to the extent the combined wages exceed $250,000). Health insurance deduction for self-employed
Qualified transportation fringe benefits
Section 179 expensing
Small business tax credit for providing health-care coverage
Special additional first-year depreciation allowance
Standard mileage rate (per mile)
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Prepared by Broadridge Advisor Solutions Copyright 2024.