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Do You Know Your Income Tax Rates?

Money Talk

With 2023 tax season well underway, now is a good time to examine income tax rates, which are a percentage of taxpayers’ income that is taxed. income tax system is progressive, which means that taxes take a larger percentage of income from taxpayers with higher taxable incomes.

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What is Your Federal Income Tax Rate?

Money Talk

Knowing your tax rate can help you prepare a tax return and take action(s) to reduce your tax liability. Do you know your federal income tax rate? You may actually have several different tax rates (e.g., This post describes the different federal tax rates that apply to taxpayers. a year and a day or longer).

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IRA Basics for Retirement Savers

Money Talk

While taxpayers have until the tax filing deadline in April 2023 to contribute to an individual retirement account (IRA) for 2022, many people prefer to make all of their current year tax-saving moves before year-end. IRAs are not an investment, per se, but, rather, a special classification for tax purposes.

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Government increases national living wage by 9.7% for 2023

Employee Benefits

from April 2023. In his autumn budget address to the House of Commons, Chancellor of the exchequer Jeremy Hunt (pictured) stated that he had accepted recommendations made by the Low Pay Commission to increase the national living wage to ÂŁ10.42 for 2023, representing a pay rise of more than ÂŁ1,600 for the average full-time employee.

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Equality and Human Rights Commission updates pregnancy and maternity toolkit

Employee Benefits

The Equality and Human Rights Commission has updated its toolkit to provide employers with advice on how to prevent pregnancy and maternity discrimination in the workplace. The post Equality and Human Rights Commission updates pregnancy and maternity toolkit appeared first on Employee Benefits.

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SECURE 2.0 Brings Significant Changes for 403(b) Plans

Proskauer's Employee Benefits & Executive Compensa

As part of our continuing series on SECURE 2.0 , signed into law December 29, 2022, this post focuses on significant changes for section 403(b) tax-sheltered annuity plans (“403(b) plans”). A CIT is a tax-exempt pooled investment vehicle that holds assets attributable to certain types of employer-sponsored retirement plans.

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Expedia Layoffs To Affect 9% Of Workforce In a Bid To Refocus Resources

HR Digest

News of the restructuring efforts followed the fourth quarter and full-year 2023 Expedia earnings call where the company actually presented pretty strong performance numbers. Some estimates like that by Skift put the Expedia layoffs 2023 numbers at around 100 employees, so the job slashes are set to be significantly larger this time around.