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.


 
 

 

News Briefs October 17, 2014

M4/M9 Firing Range closure The Edwards AFB Combat Arms Firing Range is closed for M4 and M9 firing until further notice. Any required firing for PCS or deployments will temporarily be accomplished at March ARB, Calif. To schedule training, contact the Combat Arms section at 661-277-2103. It is strongly recommended that all firing be scheduled as soon...
 
 
unity

The beauty of unity

Air Force graphic by Staff Sgt. Benjamin W. Stratton What do cheeseburgers, musical groups, sports teams and the United States of America have in common? If you said “the letter ‘s,’ you’re right, but th...
 
 

Up-and-coming awards

2015 Cooke award nominations sought JOINT BASE SAN ANTONIO-RANDOLPH, Texas – Air Force officials are seeking nominations for the 11th Annual Department of Defense David O. Cooke Excellence in Public Administration Award. This award was created to promote, perpetuate and recognize the type of exceptional contributions David O. Cooke made to the federal service. He...
 

 
Courtesy graphic

AF releases criteria for new service medal

Courtesy graphic Graphic of the Nuclear Deterrence Operations Service Medal. WASHINGTON - Air Force officials released nomination criteria for the new Nuclear Deterrence Operations Service Medal, following Secretary of the Air...
 
 

Undergrad flying training applications due in December

JOINT BASE SAN ANTONIO-RANDOLPH, Texas – The 2015 undergraduate flying training selection board originally scheduled for Jan. 20-23 will now convene Feb. 17-20 and associated application suspenses have shifted by approximately a month, Air Force Personnel Center officials said Oct. 10. Eligible active duty officers interested in undergraduate flying training must apply by Dec. 19...
 
 
Air Force photograph by Rebecca Amber

Bunch encourages one enterprise mindset at commanders call

Air Force photograph by Rebecca Amber Maj. Gen. Arnold Bunch Jr., Air Force Test Center commander, discussed his six strategic goals for the test center at a commanders call Oct. 14 in the base theater. Maj. Gen. Arnie Bunch, A...
 




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>