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Companies can stop collecting employees’ payroll taxes starting Tuesday, September 1, after an executive order in early August gave workers a tax holiday.The deferral of payroll taxes applies to employees making less than 4,000 a year. Employees are taxed 6.2 percent that goes toward the Social Security Trust Fund and another 1.45 percent for Medicare.It’s a deferral because the payroll taxes are still due to the IRS by April 30, 2021, which they made clear in new guidance released last week with the US Treasury Department.What this means to employees: It depends on your employer. Starting September 1, employers can stop withholding taxes, but many business leaders have said they will not since the taxes will eventually be due. The decision is up to each company and is not required.If a company stops withholding payroll taxes, employees will have more money in their paychecks through the end of the year. Then on January 1, companies will need to withhold more from paychecks to collect all that is owed in April 2021.For employees making ,000 a year, the elimination of Social Security taxes would result in an extra per paycheck every two weeks. Assuming the employee has eight paychecks left in 2020, that would result in 2 in taxes deferred in 2020, which would be repaid in 2021. For employees making ,000 per year, those figures would be doubled.If an employee leaves their job before all of the appropriate taxes are collected, the guidance only states that companies can "make arrangements to otherwise collect the total applicable taxes from the employee."President Trump has stated he would “terminate” the tax if he was elected in November. However, the president does not have the ability to do that on his own. Abolishing payroll taxes requires an act of Congress. 1814

Consumers can consider many factors when evaluating an airline, but getting you where you’re going on time, not losing your checked bag, and giving you no reason to lodge a formal complaint seem like decent baselines.Fortunately, the government requires the nation’s largest dozen commercial airlines to report statistics on just those things.The Air Travel Consumer Report, released by the Department of Transportation, measures not only performance of major U.S. airlines such as American Airlines, Delta Air Lines and United Airlines, but also regional carriers such as ExpressJet and SkyWest, which are contracted to fly short routes to and from hubs of those big airlines. Here’s how airlines measured up in 2017, according to the report.On-time rates 784

Crews at a construction site in Denver, Colorado, are working around the clock, trying to keep up with an increased demand by building more housing.“It’s getting really interesting out there isn’t it,” said Stephen Myers CEO at Thrive Home Builders.Myers says though the real estate market is booming across the country, an increased cost of lumber is cutting into builders’ profits.“The increase is ,000 to 12,000 per house,” he said of his current project. “And we’re concerned about the ultimate price impact for our buyers.”According to the National Association of Home Builders, the price of lumber has increased by 173% since mid-April to an all-time high in August.“Without a doubt, the housing prices will go up because lumber is a very important input of houses,” said Kishore Kulkarni, Ph.D. a professor of economics at MSU Denver.Kulkarni says there’s multiple reasons why lumber prices have skyrocketed during the last few months, including higher transportation costs, some lumber mills shutting down, low interest rates and more people looking to purchase homes during the pandemic.“The supply of lumber is having a lot of bottlenecks because of COVID-19,” he said,This is pushing up the price of a typical new home by more than ,000, according to the National Association of Home Builders.Back on the job site, Myers’ team is pulling out the blueprints and looking for ways to offset higher lumber prices.“Hopefully the lumber supply can rise to the occasion to meet the increased demand,” Myers said.While crews continue to frame new houses, experts predict the cost of lumber won’t level.So, for now, prices will continue going through the roof. 1676

COVID-19 isn't the only concern with the upcoming election.The FBI and Department of Homeland Security are warning local governments about possible ransomware attacks, something like malicious software blocking officials from access to voting systems.Experts think that is more of a likely scenario than altering actual votes.“The only way to ensure confidence is to demonstrate that you've done everything you possibly can to facilitate that safe and secure election,” said Maya Worman, Executive Director of Election Cyber Surge Initiative.The initiative is led by the University of Chicago. It’s pairing local election officials with volunteer cyber security experts to address specific areas of cyber security concerns.“And the biggie, I think, is human error, user error, whether that is accidentally sending sensitive information to the wrong person, not having a strong password management system, sharing passwords,” said Worman.The pandemic is adding further complications, with just more than 90 days to go.Worman says they felt the urgency to be proactive in helping election officials.“Now, we’ve got so many people working from home on their own devices,” said Worman. “An organization has no insight into what the security around your home, Wi-Fi or home devices, is.”This free resource is invaluable for elections. Some states rely on staff or federal assistance for cybersecurity. Others pay private companies.The pandemic could mean a reduction in volunteers, a new need for PPE and an influx of absentee ballots. 1538

CLOSE CALL! A bridge in Alexander County collapsed live on-air. Flooding rains have brought dangerous conditions across the western Carolinas. Please stay safe, everyone! @AmberFOX46MORE: https://t.co/2T6IQRzMqnPHOTO GALLERY: https://t.co/vntMgmQkIk pic.twitter.com/J9HO7hjXiM— FOX 46 Charlotte (@FOX46News) November 12, 2020 333