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.
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 ...
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 ...
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 ...
President Donald Trump has said that under his second term he would look to eliminate taxes on Social Security income for seniors, which at first glance sounds like a good thing for folks who ...