Resources ________________________________________
In the News
New W-2 Reporting Requirements-
Form W-2 will change with reporting wages earned in 2011
Patient Protection and Affordable Care Act- PPACA
Updates
IRS and SSA-- Rates
2009 - 2010 Social Security Wage Base -- $106,800 / $106,800
2009 - 2010 401(k) Maximum Contribution -- $16,500 / $16,500
2009 - 2010 Catch-Up Contribution Limit -- $5,500 / $5,500
2009 - 2010 Annual compensation limit under §401(a)(17) and §404(l) -- $245,000 / $245,000
2009- 2010 Standard Mileage Rate -- 0.55 / 0.50 cents per mile
2009 - 2010 Monthly Qualified Parking Expense Exclusion -- $230 / $230
2009 - 2010 Monthly Transit Pass Exclusion - $120 / $230
2009 - 2010 Adoption Expense Exclusion -- $12,150 / $12,170
Links
1. Department of Labor
2. National Payrolll Week
3. Paycheck Calculators
4. Internal Revenue Service
5. American Payroll Association
6. Social Security Administration
7. IRS Electronic Federal Tax Payment System
8. NJ Division of Taxation