User uShare Login | Register
Login
Register

Along with posting photos, videos, and stories, your uShare account lets you post Classified Ads, recipes on What's For Dinner, and Announcements.


32° View Weather Current Conditions Sioux Falls Change Location
Set Weather Options

RADAR LOCATION

TEMPERATURE LOCATION

Share your Photos, Videos, and Stories on uShare! Click here to get started.

News

[0] My Saved Articles
Back to all news

Business

Find local businesses
on the KELO Pages!

 

Most Popular Today


Smaller Paychecks In 2013

January 2, 2013, 5:58 PM by Kelly Bartnick

Smaller Paychecks In 2013
SIOUX FALLS, SD -

The fiscal cliff may be averted, but that doesn't mean you won't see some changes in your paycheck.

The House and Senate finally ended the financial debate over the New Year, extending many of the so-called "Bush-Era" tax cuts. The deal did not include a payroll tax credit renewal. The two-year, two percent payroll break will go away, taking money from everyone’s pocket.

“What they did for 2010 was reduced everybody's Social Security from 6.2 percent to 4.2 percent and ended up extending that for one year,” Sioux Falls Eide Bailly partner Thomas Pruner said.

The credit was initiated during the economic crash of 2009. Pruner said apart from that, only the so-called “one percenters” will see tax increases.  Those are individuals making more than $400,000 a year or families bringing in more than $450,000. 

The Fiscal Cliff conversation was a long, drawn out battle on Capitol Hill. Pruner said the resolution finally clears up confusion and ambiguity tax and finance professionals have dealt with as they closed out their 2012 books.

“The rules are more permanent,” Pruner said, “We didn't know the certainty of what the rates were going to be. Now we know, so there's some certainty. It's going to help us.”

So how much will you pay? A person making $35,000 per year will pay $700 more, which amounts to approximately $60 each month.

Previous Story

Next Story


Comments





Sponsored
Find Local Businesses on KELO Pages!

View business

You may also like

First Look At Badlands Pawn

1/20/2015 3:29 PM

Dollar Loan Center owner Chuck Brennan is releasing the first images of the design for Badlands Pawn, Gold & Jewelry.

Full Story
Rock Stars To Celebrate Pawn Shop Ground Breaking

1/23/2015 11:15 AM

Bret Michaels and Lita Ford will perform at the District on Wednesday, Jan. 28 to celebrate the ground breaking of Badlands Pawn.

Full Story
Wild Sage Grille Changing Ownership

1/20/2015 11:09 AM

While the new owners are not ready to announce yet, Gellerman says they will be remodeling the restaurant to make it their own.

Full Story
Long John Silver's Building To Become Taco Shop

1/23/2015 4:00 PM

The former Long John Silver's on Minnesota Avenue is going to become a Mexican fast food restaurant.  

Full Story
Keg Chicken Back Open In SF

1/21/2015 9:12 PM

A fried chicken favorite is back in Sioux Falls.

Full Story


Events