Make Gifts to Minimize Estate Taxes If your estate planning indicates a potential estate tax liability, consider making gifts before year-end to minimize estate taxes. Example: You can give away $13,000 a year ($26,000 if you are married and your spouse elects to participate) to each of a number of donees free of gift tax, [...]
Posts tagged income tax withholding
Financial Tips – Tax Due Dates for November 2010
Social Security and Medicare (FICA) Taxes
Social Security and Medicare (FICA) Taxes The Federal Insurance Contributions Act (FICA) is a federal law that requires you to withhold two separate taxes from the wages you pay your employees: a social security tax and a Medicare tax. The law also requires you to pay the employer’s portion of these taxes. Unless you have [...]
Are You sure you are Having Enough Withheld?
How are you supposed to know? This is a re-post for your tax planning needs. A few easy steps and some light planning can help you figure this out. What you need to know: If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. [...]


















