President Trump signed an Executive Order deferring payroll tax in the wake of the COVID-19 pandemic and it impacted the take-home pay of certain individuals.
Despite only being president for a few hours, Trump signed a flurry of executive orders on topics ranging from TikTok to environmental policies to immigration. While Trump proposed cutting taxes on ...
In short, Trump's payroll tax cut gives you a four-month 6.2% raise. Since the cut is based on wages, a worker earning a relatively high salary (up to $104,000 in the case of this executive order ...
Tips have a clear definition for tax purposes: the payment must be made “free of compulsion,” and the customer determines the amount—it cannot be the result of negotiation. Those restrictions make it ...
You might be getting a bigger paycheck for the rest of 2020, thanks to President Trump's executive order deferring payroll taxes. Starting September 1, your employer doesn't have to withhold the 6 ...