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.


Getting Started with RSS Feeds

Use an RSS Reader application or the latest versions of Internet Explorer or Firefox to subscribe to our news feeds. You'll need a news reader extension like "RSS Feed Reader Extension" if you use Google Chrome.

Use the following, if your RSS Reader application asks for a URL link.

For News Center:

For Compliance Buzz:



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