Administrator
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$40,000 After Taxes in Illinois
What a $40,000 Illinois salary is worth after federal tax, the flat 4.95 percent state rate, and FICA, plus the refundable credits that offset it.
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Taxed on a Benefit You Never Received: Imputed Income Explained
A line on your stub taxes you for life insurance you never bought. How imputed income is calculated from an IRS age table, and why income tax is owed on it but not withheld.
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$200,000 After Taxes in Pennsylvania
At $200,000 Pennsylvania stays flat while three federal thresholds converge, and one state tax most high earners overlook has nothing to do with payroll.
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$150,000 After Taxes in Pennsylvania
At $150,000 Pennsylvania’s flat rate means all the escalation is federal. Here is how the state treats capital gains, dividends, and separate income classes.
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The Trump Account Detail Nobody Mentioned: Pre-Tax Payroll Contributions
A new section of the code lets employers put $2,500 a year into a Trump Account tax free, worth more than a $2,500 raise. The limits, the cafeteria plan catch, and why most employers do…
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$100,000 After Taxes in Pennsylvania
A $100,000 Pennsylvania salary meets a low flat state rate and possibly the highest big city wage tax in the country. Where you live and work decides which.
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$80,000 After Taxes in Pennsylvania
Pennsylvania taxes your 401(k) contributions on the way in and your withdrawals not at all. Here is what that does to an $80,000 salary and to Roth planning.
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Overtime Pay Rules: How Overtime Is Actually Calculated
Overtime is 1.5 times your regular rate, not your hourly rate, and the difference is where the money hides. How the regular rate is built, what must be included, the workweek rule, and how to…
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RSUs Vested and Tax Was Withheld. Why You Still Owe
RSU vests are withheld at a flat 22% while the income is taxed at your marginal rate. The gap in numbers, plus the cost basis error that taxes the same income twice.
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$70,000 After Taxes in Pennsylvania
On a $70,000 Pennsylvania salary the state rate is fixed but the local earned income tax is not. Here is why a township line can change your take-home pay.