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 January 23, 2015

Fitz-Gerald pedestrian crossing work Through next week, road work will be taking place near the Fitz-Gerald Blvd. and Doolittle Parkway intersections, which is located in the housing area near Chapel 2. This work will result in better visibility of the pedestrian crossings and make crossing at these locations easier and safer for all. Fitz-Gerald and...
 
 
juveniel-court

JIC aims to maintain good order, morale, discipline

In the Sept. 9, 2014, Desert Wings, an article titled Vandalism costs school district $12,000.î The story was about damage that occurred at Bailey Elementary School. The 412th Test Wing has taken to address not only that insta...
 
 
Air Force photograph by Scott M. Ash

SecAF, CSAF discuss future of the Air Force

Air Force photograph by Scott M. Ash Air Force Chief of Staff Gen. Mark A. Welsh III and Secretary of the Air Force Deborah Lee James deliver their, “State of the Air Force,” press conference Jan. 15, 2015, in Washi...
 

 
Air Force photograph by Rebecca Amber

Driving on base could make you eligible for gas tax refund

Air Force photograph by Rebecca Amber The state of California may refund taxes paid on gasoline to residents who use the gasoline while driving on a military installation. Claims must be submitted to the California State Contro...
 
 

Air Force senior leadership addresses need to stabilize RPA enterprise

During a State of the Air Force address held at the Pentagon, Jan 15, Secretary of the Air Force Deborah Lee James announced immediate preliminary steps to develop a get-well plan to improve the health of the MQ-1B Predator and MQ-9 Reaper enterprise in light of extensive combatant commander operational needs. (Intelligence, surveillance and reconnaissance)...
 
 

AFIMSC headquarters site announced

Joint Base San Antonio-Lackland, Texas,†was selected as the host base for the Air Force Installation and Mission Support Center Headquarters. Air Force officials chose the installation after analyzing operational considerations, installation attributes, economic and environmental factors at four candidate locations. “Following site surveys at the four candidate locations, we ultimately ...
 




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>