Tax News

CCH (cch.taxgroup.com) reports:

  The Social Security Administration has announced that the contribution and benefit base for 2010 remuneration and self-employment income is $106,800. The "old law" contribution and benefit base is $79,200. The "old law" base is used by the Railroad Retirement program to determine certain tax liabilities and tier II benefits, by the Pension Benefit Guaranty Corporation to determine the maximum amount of pension guaranteed under ERISA, and by the Social Security Administration to determine a year of coverage in computing certain benefits. Also, the domestic employee coverage threshold amount for 2010 has been determined to be $1,700.

Notice 2009-80, 2010FED ¶46,209

Other References:

 
Code Sec. 408

  CCH Reference - 2009FED ¶113

  CCH Reference - 2009FED ¶114

  CCH Reference - 2009FED ¶780.07

  CCH Reference - 2009FED ¶18,922.0249

 
Code Sec. 1401

  CCH Reference - 2009FED ¶32,543.01

  CCH Reference - 2009FED ¶32,543.07

  CCH Reference - 2009FED ¶32,543.26

 
Code Sec. 1402

  CCH Reference - 2009FED ¶32,580.01

 
Code Sec. 3401

  CCH Reference - 2009FED ¶33,506.024

  CCH Reference - 2009FED ¶33,506.054

 
Code Sec. 3510

  CCH Reference - 2009FED ¶33,828.01

  CCH Reference - 2009FED ¶33,828.30

 
Code Sec. 6017

  CCH Reference - 2009FED ¶35,203.01

 
Code Sec. 6041

  CCH Reference - 2009FED ¶35,836.20

  Tax Research Consultant

  CCH Reference - TRC INDIV: 63,052

  CCH Reference - TRC COMPEN: 27,056

  CCH Reference - TRC PAYROLL: 3,106

  CCH Reference - TRC PAYROLL: 3,180

  CCH Reference - TRC PAYROLL: 3,358

  CCH Reference - TRC PAYROLL: 9,052

  CCH Reference - TRC PAYROLL: 9,158

  CCH Reference - TRC PAYROLL: 9,204