2000 Tax Help Archives  

Publication 15 2000 Tax Year

Changes To Note

This is archived information that pertains only to the 2000 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

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 1.45% for Medicare tax.

Threshold for deposit requirement increased from $1,000 to $2,500. For tax return periods beginning January 1, 2001, if your tax liability for the return period (line 13 for Form 941 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 11 for a complete discussion of the deposit rules.

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