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If you have followed the news over the past couple months, then you are likely aware of the debate in Washington D.C. over the extension of the payroll tax holiday. In 2011, the payroll tax holiday was passed which reduced the employee portion of the social security payroll tax from 6.2% to 4.2%. On Friday …

There has been a lot of coverage regarding the extension of the “Bush-era tax cuts.” Now that congress has approved and President Obama has signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, one of the most exciting features for American workers will be the tax holiday. During the …

Jobs Bill Legislation (H.R. 2847) Employers that have hired qualified unemployed workers beginning on February 3, 2010, will not be required to remit the employer share of the Social Security tax (6.2 %) for those individuals while they are employed for 2010. The employer is still required to withhold and remit the employee’s share of …