medicare tax – The Burns Firm – Advisors of Complex Financial Matters

How the Social Security Wage Base Will Affect Your Payroll Taxes in 2026

November 11th, 2025|Categories: Accountant, accountant near me, Burns Firm, Business, CPA, CPA Dallas, CPA near 75248, CPA near me, CPA Texas, Dallas CPA, FICA Tax, Medicare Tax, Payroll Tax, Social Security, Social Security Tax, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Depreciation, Texas CPA, The Burns Firm|Tags: CPA, CPA Dallas, cpa near me, Dallas CPA, FICA Tax, medicare tax, Payroll Tax Deduction, Payroll Taxes, social security, Social Security Wages and Payroll Taxes in 2026, tax, tax advisor, The Burns Firm|

The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101 The Federal Insurance Contributions [...]

Is Your Income High Enough To Owe Two Extra Taxes?

September 27th, 2022|Categories: Accountant, accountant near me, Accounting, Burns Firm, CPA, CPA Dallas, CPA in NOrth Texsa, CPA near 75248, CPA near 75252, CPA near me, CPA neasr 75248, CPA75248, CPADallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Medicare Tax, Net Investment Income Tax, NIIT, Services, Tax, tax accountant, tax accountant near me, Tax Advisor, Tax Planning, Tax Preparation, tax preparer near me, Tax Return, The Burns Firm|Tags: 3.8 percent net investment income tax, 3.8% NIIT, accountant near me, additonal 0.9% medicare tax, CPA Dallas, cpa near me, Dallas CPA, do i need to pay more medicare tax, high-income tax payers, how much medicare tax do i owe, medicare tax, net investment income tax, North Texas CPA, tax, tax accountant near me, Texas CPA, The Burns Firm, will i be paying NIIT, will i pay more in medicare tax based on my income|

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment income. Here’s an overview of [...]

How Can Small Business Owners Reduce Social Security and Medicare Taxes?

June 20th, 2019|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Return|Tags: CPA, CPA Dallas, medicare tax, small business owners, social security tax, Tax cuts, Tax planning, tax savings, taxes, The Burns Firm|

If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects Social Security and Medicare [...]