MA Continues COVID-19 Temporary Paid Sick Leave Program Through 4/1/22

The Employer Federal COVID pay credit expired September 30, 2021; however, the state of MA has a COVID-19 Temporary Emergency Paid Sick Leave Program which reimburses MA employers up to $850 weekly per employee for COVID sick leave through April 1, 2022. Reasons for...

Social Security Max Increase To $147,000 For 2022

Most years, the government bumps up the maximum Social Security taxes that you can pay.  For 2022, the maximum wage base jumps to $147,000, an increase of $4,200, or 2.9%, over the max of $142,800 that was in place for 2021. At a rate of 6.2%, the maximum Social...

2021 Might Be The Last Year To Convert Your IRAs To A Roth IRA

Seems that the upcoming multi-trillion dollar spending package could include a provision eliminating the Backdoor Roth Conversion. Essentially, those post-tax contributions many individuals routinely deposit into their IRAs each year might no longer be eligible to be...