If you're self-employed, you pay Social Security through SE tax. Learn how it works, how much you pay, and how it affects ...

The White House has said workers benefiting from the deduction could see up to $2,000 in annual federal tax savings.

In 2023, legislators enacted a 0.7% payroll tax to take effect in 2026. The tax hasn’t even hit employers yet, but lawmakers already have boosted the rate to 0.88% since then.

Self-employed individuals must pay their own payroll taxes and make quarterly estimated tax payments to the IRS. Independent contractors can use tax software to help estimate their taxes or rely ...

Employers enter W-4 results from each employee in their payroll tax software and the payroll provider often automatically handles the calculations and withholdings on the employer’s behalf.

The IRS says to use Form 1120-W to calculate C corp estimated tax payments, 1120-S for an S corporation. Payments are due on the 15th day of the fourth, sixth, ninth and 12th months of the tax ...

Medicare taxes are part of FICA and are automatically deducted from employees' paychecks. Both employers and employees contribute to this tax, which is 2.9% of earned income and wages (1.45% paid ...

Greater payroll taxes for GP clinics means lower profits. Clinics will seek to make up the shortfall in revenue by other means – and this could include reducing the number of patients they bulk ...

Between nuances in state legislation, conflicting guidance from Revenue offices, and ever-changing case law, payroll tax continues to be challenging. This is the case more than ever, with respective ...

This month marks the three-year anniversary of Eugene’s payroll tax. KLCC took a look at how the money is spent, and how much the average Eugene worker pays.

This is a comprehensive payroll taxes guide. Learn what payroll taxes are, how they work, and how they impact your income, business, and government.