Again, how you calculate payroll tax withholding depends on the tax. For example, federal income tax is progressive, while FICA tax is a flat percentage. Income tax isn’t technically a payroll ...

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

Americans have ideas about how to prevent Social Security from going broke, but there is one proposed solution they really ...

If you run payroll manually, ensure you have accurate records and calculations for ... 1.45 percent of all taxable wages (with an additional 0.9 percent Medicare withholding tax for employees who earn ...

Indeed, the Social Security actuaries’ scoring of options shows that very gradually increasing the employee and employer payroll tax rate each by 1 percentage point (from 6.2% today to 7.2% in ...

As more and more companies are operating across borders, a larger percentage of ... border complexity to the payroll process means that employers must comply with tax and labor laws in several ...

According to the Treasury Department, the payroll tax cut sent about $178 billion ... and families whose housing costs exceed a certain percentage of their income. I have never seen good data ...

In Trump’s plan, income earners would also gain the tax-free benefit, a change that could destabilize the Social Security ...

According to the Maine Department of Labor, once a private plan substitution is approved and takes effect, the employer and employee will no longer be required to contribute to the PFML fund. The ...