Main Page

From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.

From TaxAlmanac

Revision as of 21:32, 17 November 2011 by MikeD (Talk | contribs)
Jump to: navigation, search
The free online tax research resource and
community for tax professionals.

Overview · Quick Start Guide · A-Z Index · Explore · Help

Tax Research Library

Discussion Forums

Content by Category:

Featured article

3% Withholding Repeal and Job Creation Act of 2011

3% Withholding Repeal and Job Creation Act of 2011

On November 16, 2011, Congress passed the "3% Withholding Repeal and Job Creation Act of 2011" (H.R. 674). President Obama signed the bill into law on November 21, 2011. The bill contains the following main measures:

  • Permanently repeal the 3 percent withholding provision on government contractors
  • Tax credits for businesses that hire veterans
  • $5,600 credit for hiring long-term unemployed veterans
  • $2,400 credit for hiring short-term unemployed veterans
  • Credits of up to $9,600 for hiring unemployed veterans with service-related disabilities
  • Simplify the certification process to make it easier for businesses to get the tax credit
  • Modifies the income definition for determining eligibility for exchange subsidies, Medicaid and the Children’s Health Insurance Program – conforming the definition of income in the health law to the standards used by other federal low-income programs such as food stamps and public housing

In the News

Current Tax and Accounting

  • Tax Extenders Legislation Advances in Senate Accounting Today
  • Simplified Option for Claiming Home Office Deduction Now Available; May Deduct up to $1,500; Saves 1.6 Million Hours A Year IRS
  • House Ways and Means Chairman Camp Releases Tax Reform Proposal Accounting Today
  • IRS Offers Health Care Tax Tips to Help Individuals Understand Tax Provisions in the Affordable Care Act IRS

Recent Discussions

Coming soon...

Did you know?

Five Key Websites For Tax Season

Did you know that TaxAlmanac was selected as one of the five key websites for Tax Season? Read more in The CPA Technology Advisor's article, Five Key Websites For Tax Season .

Contact Us – Submit Feedback – TaxAlmanac Media Coverage – Community Feedback

Personal tools