If the payroll tax rate is increased to make Social Security solvent, the median young worker will be out at least $2,432 a ...

As Social Security trust funds near insolvency, a new analysis reveals the staggering cost of maintaining full benefits: over ...

New projections reveal the massive tax increase needed to preserve full Social Security benefits for future retirees, raising ...

Payroll taxes are withheld from employees’ paychecks, and employees will receive a W-4 to complete. This form declares their income tax withholding as well as how they’ll file their taxes ...

President Trump’s Payroll Tax Holiday. On August 8, 2020, Mr. Trump signed an Executive Memorandum directing the Treasury Secretary to initiate a payroll tax holiday.

The payroll tax holiday defers Social Security taxes from September 1, 2020 - December 31, 2020. These payroll taxes would need to be repaid between the period of January 1, 2021 - April 30, 2021.

President Donald Trump created a payroll tax holiday in early August to help Americans struggling financially due to the pandemic. The intent was for workers to start getting more money in their ...

President Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers' paychecks. But the move is temporary, and could spark headaches in 2021.

The payroll tax cut implemented in 2011 reduced federal tax revenue by $112 billion in its first year. It was then extended through 2012, costing an additional $115 billion, according to the ...

How a temporary reduction in payroll taxes became the president’s go-to proposal to stoke the economy. By Jim Tankersley WASHINGTON — President Trump badly wants to cut the payroll tax. Hardly ...