Tax Savings: The President Signed the Payroll Tax Holiday Into Law
There’s great news for working taxpayers this week. On February 22, the President signed the payroll tax holiday into law. Find out more. Full story
Most recent tagged with: social security tax
How Social Security Income is Taxed
Not everyone has to pay taxes on their Social Security benefits. To see if your Social Security will be taxed, you have to look at your *combined income and your marital status. Find out more here. Full story
Payroll Tax Cut Bill Extension is Now Approved!
After a week of uncertainty in Washington, Congress approved the extension of the payroll tax cut bill this morning, which if not passed, would impact 160 million taxpayers beginning January 1. Find out more here. Full story
Payroll Tax Cut Bill Rejected by the House
On Tuesday, December 20th, House Republicans rejected Senate’s two month extension of the payroll tax cut bill. Find out what’s next here. Full story
Spending Bill Passes: What’s Next for the Payroll Tax Bill?
The Senate approved the spending bill today, but what about the payroll tax cut bill? Find out about the payroll tax cut extension here. Full story
The House Passed the $1Trillion Spending Bill
The House passed the $1.043 Trillion spending bill. Now it goes to the Senate along with the payroll tax bill. Find out details and what’s next Full story
The House Passes the Payroll Tax Bill
House of Representatives passes the payroll tax bill. The bill extends the 2 point reduction (6.2% to 4.2%) in Social Security taxes that workers pay through 2012, but there are additional tax and non-tax related laws added to the bill. Find out more. Full story
What is the Social Security Tax?
For many, understanding what the social security tax is exactly can be a little confusing. Here we breakdown the different components that make up the social security tax and go behind the scenes of who pays it and the long history behind it. Full story
F.I.C.A. – Pay Now, Collect Later
Learn all about what is commonly known as your social security taxes, and officially as F.I.C.A. – from the Federal Insurance Contributions Act tax. Full story
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