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Items Tagged with "Payroll Taxes"

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Payroll Tax Cut Extends into 2012

The payroll tax cut, resulting in the employee portion of social security tax being reduced from 6.2% to 4.2% of wages, has been extended through February, 2012.  Congress battled right up to the Christmas holiday before coming to the two-month extension, just eight days before the payroll tax Read More...

Payroll Tax Cut Extended through 2012

As expected, the 2% payroll tax cut reducing the employee portion of social security tax from 6.2% to 4.2% of wages has been extended through the end of 2012.  Click on this link for a short article explaining the details of the extension. Also of note, the recapture provision, which impos Read More...
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