Posts tagged as:

Medicare

Ask the taxgirl: Self-employment Tax

10 December 2011

Taxpayer asks: Since the self-employment tax rate is 12.4 percent, why do I have to pay 15.3%? taxgirl says: Self-employment tax, sometimes called SE tax, is a tax consisting of Social [entity display="Security" type="section" active="true" key="/security"]Security[/entity] and Medicare taxes for those who work for themselves. It’s the equivalent of the total of Social [entity display="Security" [...]

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Ask the taxgirl: Making Work Pay Credit for 2011

8 November 2011

Taxpayer asks: I read that the Making Work Pay Credit was back for 2011 (I saw this post) but I can’t find anything about it even on the IRS web site. Can you help? taxgirl says: Easy answer first: the Making Work Pay Credit was not extended into 2011. The Tax Relief, Unemployment Insurance Reauthorization [...]

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Making The Switch

30 May 2011

Sometime tomorrow, I’m pulling the switch and you’ll start to see my new and improved taxgirl site on Forbes. If you just can’t wait, you can check it out here, subscribe to the feed here and follow me on Forbes by clicking here. Of course, don’t forget about my Facebook page and twitter. In terms [...]

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Budget Vote Shows Medicare Plan Vulnerable

25 May 2011

When presidential hopeful Newt Gingrich first objected to House Budget Committee Chair Paul Ryan’s (R-WI) Medicare proposal, there was a collective gasp in the political sphere. Until a few weeks ago, many Republicans thought the budget, which included a controversial provision to overhaul Medicare, was untouchable. The proposal, which appeared to be endorsed by most of [...]

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Is Ryan’s Medicare Proposal the Right Kind of Change?

22 May 2011

It was one of those jaw dropping, rubbing your eyes, cleaning out your ears moments. Presidential hopeful Newt Gingrich, thought by many to be a frontrunner for the GOP nomination, went out on a limb and criticized his own party’s plans for Medicare reform. Speaking on Meet the Press, Gingrich said about the Republican plan: [...]

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Medicare and Self-Employed Taxpayers

28 February 2011

See folks, this is why you should always read the comments in the blog. We’ve been having a discussion about whether Medicare Part B is deductible as a self employed health insurance premium in the comments at this post: The A, B, C and Ds of Medicare. The old Pub 535 said no. And the [...]

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Ask the taxgirl: “Real Estate Tax” In Health Care Law?

19 February 2011

Taxpayer asks: Please tell me this isn’t so…..Under the new health care bill, all real estate transactions will be subject to a 3.8 % sales tax. This new tax is supposed to kick in 2013. taxgirl says: I’ve gotten a few questions about this so-called “real estate tax” lately. Concern about the “tax” has escalated [...]

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The A, B, C and Ds of Medicare

25 January 2011

Here’s your big disclaimer upfront: I’m not a Medicare guru. I don’t work for Medicare. I don’t receive Medicare. But I do know enough to see that there’s some pretty awful information floating around which has lead to some confusion on the tax side. Let me see if I can help sort some of it [...]

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Payroll Tax Holiday Begins

3 January 2011

I rolled into work this morning along with many Americans for the first time in 2011. Since New Year’s Day fell on Saturday this year, those of us who work “traditional” hours (yes, my use of the term is cheeky) started our work year today. It’s also the start of a bit of a headache [...]

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Money Changes Everything: Health Care in America

22 March 2010

I’ll confess that I got up today with a bit of fear and trepidation. You see, I had been assured by both sides of the health care reform debate that no matter the final tally, the world would end after the health care vote. Remarkably, Earth is still spinning this morning. The health care reform [...]

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