Tag Archives: Taxable wages

California and The Patient Protection and Affordable Care Act

Courtesy of the California Franchise Tax Board. Bad news folks! Wait until you see how the federal medical benefits mess up your California paychecks! The Patient Protection and Affordable Care Act signed by the President in March of 2010, requires employee benefit plans that provide coverage for family members to cover the employee’s adult children […]

Taxable Social Security Income

Today TaxMama hears from Petey in Texas who is concerned. “I had to withdraw about $10,000 for air conditioner replacement and other household maintenance from my annuities. Because of these withdrawals, my taxable Social Security income has gone from $4,800 last year to $13,000. this year. Does this sound right to you? Could I be […]