Publication 51 |
2000 Tax Year |
Changes To Note
Social Security and Medicare tax for 2001.
The social security wage base for 2001 is $80,400. There is no
wage base limit for Medicare tax. The tax rate remains 6.2% for social
security and Medicare tax.
Threshold for deposit requirement increased from $1,000 to
$2,500.
For tax years beginning January 1, 2001, if your tax liability
(line 11 for Form 943 or line 4 for Form 945) is less than
$2,500, you are not required to make deposits and may pay
the taxes with the return. See section 7 for a complete discussion of
the deposit rules.
First | Next
Publication Index | IRS-Forms Main | Home
|