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.


 
 

 

Air Force waives renters insurance obligation in privatized housing

Airmen signing a lease to live in privatized homes on base may no longer be covered by a renters insurance provision, due to a recent Department of Defense change in basic allowance for housing. The Department of Defense opted to eliminate the renters insurance component of BAH, an average of $20 dollars each month per...
 
 
afmc-cyber

Special Program emerges to combat cyber insider threats

The Mission Solutions Analysis team from Hanscom Air Force Base, Mass., developed the Insider Threat Universe model used to describe how certain technologies protect, in part, the Air Force’s secure networks. It’s n...
 
 

Time to apply for summer jobs

The Air Force Summer Employment Program is a great opportunity to mentor or coach future federal employees. Edwards AFB has summer job opportunities in the clerical, lifeguard, engineer technician and general laborer fields. For job postings and application information, please visit https://www.usajobs.gov. Resumes will not be accepted at the Edwards Civilian Personnel Section. Summer hire app...
 

 
Air Force photograph by Ethan Wagner

Top Acquisition official, nominee for AFMC command, visits Edwards

Air Force photograph by Ethan Wagner Lt. Gen. Ellen M. Pawlikowski, Military Deputy, Office of the Assistant Secretary of the Air Force for Acquisition, is greeted by Col. Robert Lepper, 412th Maintenance Group commander, durin...
 
 

Our Air Force – diverse in thought, word and deed

The Air Force has a rich heritage built on the pillars of diversity and innovation. After African American History Month came to a close and we look on to honor women’s history this month, I’d like to reflect on the word diversity. Diversity is often equated to minority, but it’s more than that — diversity...
 
 

412th FSS team finishes undefeated, claims intramural title again

Air Force photograph by Kristen Haidle The 412th Force Support Squadron team poses for a victory photo with 412th Mission Support Group leadership after claiming the 2015 Intramural Basketball Championship title March 3 at the Rosburg Fitness Center. The 412th FSS defeated the 412th Security Forces Squadron 59-54 and remained undefeated to end the season...
 




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>