Air Force

February 1, 2013

2013 Civilian Pay Tax Information

Recently expired legislation affecting Social Security and Federal taxes has prompted several inquiries as to what impact these changes will have to civilian employee paychecks. Below is a brief description of what has changed and what is expected to occur over the next few pay periods.

 

1. Social Security Increase:

The payroll “tax holiday” enjoyed for the past two years recently expired. The resulting increase in Social Security withholding began with pay period ending (PPE) 12-29-2012, a net 2 percent reduction in take-home pay. This pay period is the first pay period for 2013, and as such, is taxable at the 2013 rate. The increase is visible on the Old Age Survivors and Disability insurance (OASDI) line within the Deductions Category of the Leave and Earnings Statement.

 

2. Federal Tax Change:

New Percentage Method Tables for Income Tax Withholding were issued January 3, 2013. Internal Revenue Service Notice 1036 (see below) details the new tables and provides guidance on estimating 2013 income taxes. The new income tax withholding will be reflected in PPE 01-12-2013 and will not be retroactive to January 1, 2013.

 

For further information, please access IRS Notice 1036 at: www.irs.gov/pub/irs-pdf/n1036.pdf OR: virtual Finance FITW calculator: www.my.af.mil/gcss-af/USAF/ep/globalTab.do channelPageId=sA1FBF31D23 D21F6B0123ED377B730575.

 




All of this week's top headlines to your email every Friday.


 
 

 

Honest answers to sexual assault myths

As Sexual Assault Awareness and Prevention Month comes to a close, I want to take the opportunity to address three persistent myths regarding the Air Forceís Sexual Assault Prevention and Response program. These myths include a commanderís ability to start, stop or otherwise hinder a sexual assault investigation; what agencies can take a sexual assault...
 
 
disaster-prep

Emergency Management reminds folks to ‘Be Ready’

The recent devastating earthquake in Nepal can serve as a†reminder to California residents that the state is prone to earthquakes. With that said, Edwards Emergency Management is encouraging base personnel and residents to be...
 
 

Upcoming classes at Edwards Family Advocacy

Edwards AFB Family Advocacy has several classes available to help members of Team Edwards and their families. Below is a list of classes available in the next month. Relaxation 101 This training will add “tools to your toolbox” to enhance your ability to relax and identify when you are stressed. It is a three part...
 

 

Edwards community holds first town hall meeting for 2015

Air Force photograph by Edward Cannon Col. Eric Leshinsky, 412th Mission Support Group commander, addresses base residents and personnel during the first semi-annual Edwards AFB Town Hall meeting which was held April 22 at the Airman and Family Readiness Center. The meeting included briefings from the 412th Force Support Squadron, 412th Security Forces Squadron, Army...
 
 

Please don’t thank me for my service

The other day a good friend and mentor, a retired AF Master Sergeant, sent me a message made up of a few simple words. Words that we, folks who wear a military uniform, may be accustomed to … “Thank you for your service.” I don’t know about you, but I am very uncomfortable when people...
 
 
Air Force photograph by Rebecca Amber

AGE Flight gets Air Force weapons loaders out of a jam

Air Force photograph by Rebecca Amber The nuclear-certified MHU-83 D/E Lift Truck received new wiring after the 412th Maintenance Squadron Aerospace Ground Equipment Flight discovered a defect in the manufacturing. True to a te...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>