Payroll Tax Cut Extended

Feb 23

Written by:
2/23/2012 9:00 AM  RssIcon

The House of Representatives and the Senate have passed a bill to extend the payroll tax cut. President Obama plans to sign the bill into law immediately.

The payroll tax cut reduces how much workers pay into Social Security on their first $110,100 in wages, from 6.2% to 4.2%. Originally set to expire in February, the bill will extend the payroll tax cut until the end of 2012.




Recent Entries From Around Our Site


This Blog is made available by the authors and Employee Benefits Corporation for educational and general informational purposes only, not to provide legal advice. By using this Blog you understand that there is no attorney/client relationship between you and the Blog author.
Spotlight Newsletter