The Social Security maximum taxable earnings will be $184,500 in 2026, up from $176,100 in 2025. That number, also called the ...
Money Digest on MSN
Why FICA Taxes Are Taken Out Of Your Paycheck
FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to ...
A recent 9th Circuit Court of Appeals decision emphasizes again the potential exposure “responsible persons” have to personal liability for payroll taxes under the Trust Fund Recovery Penalty (TFRP) ...
President Trump wants to give a $100 billion boost to the U.S. economy by hitting the "pause" button on workers' payroll taxes. That would leave more money in people's paychecks. But the move — which ...
Another change recently announced was a higher wage cap for 2026. Next year, workers will have to pay into Social Security on their first $184,500 of income. This means that higher earners will have ...
This change could increase tax burdens for both students and employers. Indian students, a significant group in OPT, may see ...
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Businesses must file payroll forms on time to stay in good ...
Mosey, the leading state compliance platform, today announced the release of its newest offering, Tax Account Management, a comprehensive solution that centralizes oversight of all 1,200+ state and ...
The Central Ohio Transit Authority had to pay $162,850 in penalties to the IRS for late payroll tax payments for tax years 2019, 2020 and 2021. What COTA spent on the penalties could pay for three new ...
After four hours of public testimony and debate, Salem City Council voted Monday night to approve a new wage tax to pay for fire, police and homelessness services. The "Safe Salem" payroll tax will be ...
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