Tag: 2015

When Will I Get My Employer W2, Investments 1099, Mortgage 1098 and Other Tax Return Forms and Filing Documents for 2016 Tax Filing in 2017

[Updated for 2016-2017 tax season] Before we file our tax returns there are a number of forms we need to receive from our employers, financial institutions and other entities we make money from,… Read more »

2018 vs 2017 Cost of Living Adjustment (COLA), Social Security and Medicare Tax Rates

[2018 COLA Increase] The Social Security Administration (SSA) has announced a relatively large 2% Cost of Living Adjustment (COLA) for 2018. Benefits like Social Security or Supplemental Security income, that are… Read more »

2020 vs 2019 Military Pay Charts Reflecting Latest Raise – Updated Monthly Basic Pay Tables

2020 Tables – Reflecting a 3.1% increase for Military staff and troops under the 2020 National Defense Authorization Act (NDAA). This is the largest increase since 2010. The updated basic pay… Read more »

2020 Pay Raise Approved for Federal Employees on GS Pay Scale

[Updated 2020 GS pay chart] For 2020 government employees on the GS pay scale will see a 3.1% rise over 2019 levels. This is made up a 2.6% general schedule increase… Read more »

2017, 2016 and 2015 Earned Income Tax Credit (EIC) Qualification Income Limits

[Updated] Below are the final IRS published 2016 and 2017 Earned Income Tax credit (EITC) figures. You can reference IRS publication 596 or use online tax providers like TurboTax or H&R Block to get a free… Read more »

2019 vs 2020 401k, 403b, 457 and TSP Contribution Limits and Catch-up Amounts

[Updated with the latest contribution limits] The IRS has released updated employer sponsored retirement plan limits, which covers 401(k), 403(b), 457 and Government Thrift Savings (TSP) plans. The annual contribution limits are indexed… Read more »

2016 Marketplace Health Insurance Plans & Prices Rising Under Obamacare (Affordable Care Act)

[2016 updates] 2016 health insurance premiums under the state and federal health care system (Affordable Care Act) are rising. No doubt about that. The question is by how much. Recent reports… Read more »

2017 vs. 2018 Savers Tax Credit and Income Limits to Help Workers Save for Retirement

[Updated with 2018 details per the IRS] The savers credit helps middle to lower income earners save for retirement by providing an offset to retirement plan (401k and IRA) contributions…. Read more »