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.


 
 

 

AFMC Employee Assistance Program services

Personal problems can affect the lives of employees both at home and at work. To help prevent, identify and resolve potential stressors or issues, Air Force Materiel Command partners with Federal Occupational Health to provide our Employee Assistance Program services. EAP services are offered free (limitations apply) to civilians and their family members. The EAP...
 
 
GWOT

GWOT Expeditionary Medal

U.S. Air Force photo by Steve White JOINT BASE SAN ANTONIO-RANDOLPH, Texas–Active duty, Air National Guard and Air Force Reserve Airmen who earned the Global War on Terrorism Expeditionary Medal for more than one of the f...
 
 

Raptor change of command

Air Force photograph by Edward Cannon Left to right: Col. Rod Todaro, 412th Operations Group commander, along with Lt. Col. Randel Gordon, pose for a photo after he accepted the 411th Flight Test Squadron guidon, signifying the assumption of command June 5, 2015. Gordon takes over from Lt. Col. Devin Traynor. The 411th FLTS oversees...
 

 

AF focuses 3rd round of VERA/VSIP for civilians

In an effort to lead its force management actions with voluntary programs, Air Force officials announced a third round of civilian workforce shaping measures beginning June 15. The measures are necessary to meet the Air ForceĆ­s headquarters organization and staffing reductions, which were designed to eliminate redundant activities, improve efficiencies and satisfy previous secretary of...
 
 

Cyber breach

The ongoing cyber breach is an OPM (www.opm.gov) matter and any queries should be referred to OPM. OSD has set up a web page (www.defense.gov/news/newsarticle.aspx?id=128981) to give federal employees all the information currently available. Through June 19, OPM will be sending emails to personnel they believe may have been affected by the recent OPM hack....
 
 
Air Force photograph by Wesley Farnsworth

Pawlikowski assumes leadership of Air Force Materiel Command

Air Force photograph by Wesley Farnsworth In the time-honored military tradition signifying assumption of command, Air Force Chief of Staff Gen. Mark. A. Welsh III passes the Air Force Materiel Command guidon, or unit flag, to ...
 




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=""> <s> <strike> <strong>