On October 18, 2016, the Social Security Administration announced the 2017 tax rates and wage base. The Social Security wage base will increase from $118,500 to $127,200 for individuals starting January 1, 2017, and there will be no limit for Medicare wages. The tax rate for Social Security remains at 6.2% and Medicare at 1.45%…
As an accounting firm, LG&H is an essential service. For the safety of our clients and staff, our office is closed to the public and our staff is working remotely. We can be contacted via phone and email. All returns will be prepared and securely emailed or postal mailed to you. Since most returns are e-filed, we will provide you with a form 8879 for authorization. Please sign and email or fax it to us. If faxing or emailing is not available, we can make other arrangements for your authorization.
We want to extend all the best to you and your families in the troubling time. We are all dealing with many challenges, and will minimize the tax filing process as much as possible.
Sincerely
LG&H
Month: October 2016
Maine wants to be an attractive destination for both current and future military retirees. In an effort to do this, Maine has passed some tax provisions that will benefit Maine veterans. These include: Eliminating the tax on military pensions – Military pension benefits, including survivor benefits, will be completely exempt from state income tax beginning…
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