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Rate Single 10% Up to $9,325 15% $9,326 to $37,950 25% $37,951 to $91,900 28% $91,901 to $191,650 33% $191,651 to $416,700 35% $416,701 to $418,400 39.6% $418,401 or more Rate Married filing jointly or qualifying widow 10% Up to $18,650 15% $18,651 to $75,900 25% $75,901 to $153,100 28% $153,101 to $233,350 33% $233,351 […]

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Tax Changes Coming in 2015

Tax Changes Coming in 2015 Just in the nick of time, as 2014 winds down, the Senate recently extended several tax provisions – including mortgage debt forgiveness and credits for energy-efficient home improvements – that had expired at the end of last year. Those extensions will apply retroactively, but it’s unclear whether taxpayers will be able to […]

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Minimum wage increase

The 2014 Washington minimum wage is $9.32. Washington’s minimum wage applies to workers in both agriculture and non-agricultural jobs, although 14- and 15-year-olds may be paid 85% of the minimum wage ($7.92). Washington’s minimum wage will increase 15 cents to $9.47 an hour beginning Jan. 1, 2015, the Department of Labor & Industries (L&I) announced […]

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Small Business Health Care Tax Credit for Small Employers

What You Need to Know about the Small Business Health Care Tax Credit How will the credit make a difference for you? For tax years 2010 through 2013, the maximum credit is 35 percent of premiums paid for small business employers and 25 percent of premiums paid for small tax-exempt employers such as charities.   […]

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What Small Businesses Need to Do for Obamacare Before Oct. 1

  The health insurance marketplaces created by the Affordable Care Act will open on Oct. 1. Most small employers—those with 50 or fewer full-time employees—are not required to offer health insurance coverage under the Affordable Care Act. Even businesses with more than 50 full-time employees have gotten a one-year reprieve from penalties if they don’t […]