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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

State income taxes. Business income taxes. Local income taxes. Assessment tax return and short tax return. Income tax deadlines. Income tax extension: when is the last day to file income tax? Federal income tax brackets 2021 vs IRS income tax brackets 2022.

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2022 Outlook for Potential FUTA Credit Reduction States

ThomsonReuters

States like California, Hawaii and Nevada registered unemployment rates at or above 9% in December 2020 and throughout the pandemic many other states suffered record-high unemployment rates rendering the state’s unemployment trust fund insolvent. The FUTA tax rate is currently 6.0% However, employers generally receive a 5.4%

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ARPA Close-up: COBRA Premium Subsidy

ThomsonReuters

Credits were claimed through Form 941, the quarterly employment tax return. The federal government will be funding continuing coverage with employers claiming the reimbursement as a payroll tax credit, much like under ARRA, through Form 941. The credit will be against the employer’s share of Medicare tax.

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Last Week in Payroll: Choose to Challenge

ThomsonReuters

Unemployment tax rate rollback. Hawaii Governor Ige signed legislation into law that will roll back the amount of unemployment tax employers in the state will pay in 2021. Unemployment tax rates were to be determined under greater Schedule H in 2021 (rates range from 2.4% State and Local News. to 6.6%).

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