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An executive action President Trump issued Saturday on the deferral of payroll taxes could put more money in your pocket soon. Much is still unknown about how the order will be implemented, but experts say to keep a few things in mind before making plans for that extra cash.1. It’s temporaryMany employees have a 6.2% Social Security tax withheld from their paychecks and remitted to the IRS on their behalf by their employer. “The executive order defers the withholding, deposit and payment of the tax,” says Matthew Keefer, a certified public accountant at Gorfine, Schiller & Gardyn in Owings Mills, Maryland. The deferral period runs from Sept. 1 through Dec. 31.2. You may not qualifyThe deferral is available only to employees whose pretax wages or compensation is generally less than ,000 biweekly, which works out to around 0,000 a year. And currently it doesn’t apply to people who are self-employed, notes Pete Isberg, vice president of government relations at human resources services firm ADP.3. The taxes are due eventually“This is a deferral of taxes, not a forgiveness of taxes,” says Michael Graetz, a tax law professor at Columbia University Law School in New York. “So at the end of the deferral period, all of those taxes will be owed unless Congress changes the law to say that they’re forgiven.”4. Consider setting the extra money aside for nowIf your employer stops withholding and you see a boost in your pay because of it, you might want to hang on to that cash for now, Keefer says. “Unless legislation is passed, the deferred tax from the executive order will be repaid in the future,” he says. Another option, Isberg adds, is to tell your employer to withhold additional money by filling out a new form W-4 at work.Of course, not all households can afford to set money aside these days. Still, if you need the money from this tax deferral now, don’t lose sight of the fact it could mean a tax bill later.5. Some employers may just keep withholding the tax anywayIt can take time for employers to revamp payroll systems, especially if they’re not using a payroll processing company, according to Isberg. Also, employers can be liable for employment taxes, even if they don’t withhold them, he says. “Employers know that, and they’re going to realize that, ‘Look, if I do this, could the IRS come back to me in January and just assess the full amount that should have been withheld?’ Well, technically they can,” Isberg explains.Most employers won’t want to ask their employees to repay four months of taxes, Graetz adds. “This turns out to be a very complicated problem,” he says.More From NerdWalletSome Taxpayers Face a Desperate Wait for IRS RefundsHow to Work Around Delays in Major IRS FunctionsIRS Data: Refunds Lag as Agency, Tax Filers Slow DownTina Orem is a writer at NerdWallet. Email: torem@nerdwallet.com. 2862
Any protesters, anarchists, agitators, looters or lowlifes who are going to Oklahoma please understand, you will not be treated like you have been in New York, Seattle, or Minneapolis. It will be a much different scene!— Donald J. Trump (@realDonaldTrump) June 19, 2020 277
And they're married! Britain's Prince Harry and US actress Meghan Markle sealed their wedding vows with a kiss on the steps outside Windsor's St. George's Chapel on Saturday, cheered on by delighted crowds.The couple -- now the Duke and Duchess of Sussex -- then set off on a procession through the streets of Windsor in an open carriage drawn by four Windsor Grey horses.The bridal party, including three-year-old Princess Charlotte, Harry's niece, waved enthusiastically as the couple departed from the chapel after a ceremony that was unprecedented in British royal history.In a departure from tradition, Markle walked much of the way up the aisle unchaperoned, followed by her 10 bridesmaids and page boys -- a move that was seen as a powerful statement of her feminist principles.Rewatch the entire ceremony in the player below. It begins at about the two-hour mark:Her elegant white dress with an open bateau neckline was by British designer Clare Waight Keller, Givenchy's first female artistic director. Her 16-foot-long veil was held in place by a diamond bandeau tiara lent to her by the Queen.Only when she reached the 15th-century chapel's Quire was Markle accompanied for her final steps to the foot of the altar by Prince Charles, Harry's father.Harry, flanked by his brother and best man Prince William, looked emotional as he waited at the altar, dressed in the frockcoat uniform of the Blues and Royals.The couple sat with clasped hands as they listened to an impassioned sermon from Chicago-based bishop Michael Curry, the first African-American head of the Episcopal Church in the United States.His fiery preaching style was a marked departure from the usually conservative tone of a British royal wedding. Harry could be seen saying "Wow" to Meghan as the sermon ended.It was followed by a performance of the Ben E. King classic "Stand by me" by the Kingdom Choir, a group of 20 gospel singers.Meghan was all smiles as she said her vows and gave Harry his wedding ring. The crowd could be faintly heard cheering outside as the couple were proclaimed husband and wife by the Archbishop of Canterbury, Justin Welby, the most senior cleric in the Church of England.Big moments so far? Harry's aunt Lady Jane Fellowes, the sister of his late mother, Princess Diana, gave the reading from the Book of Solomon.? Palace revealed that Meghan's wedding ring has been made from Welsh gold and is a gift from the Queen, while Harry's is platinum.? The Queen conferred the titles of Duke of Sussex, Earl of Dumbarton and Baron Kilkeel on Prince Harry, making Meghan the first-ever Duchess of Sussex.The last to arrive before the bride was the Queen, wearing a lime silk dress, accompanied by Prince Philip.Among the host of famous guests already waiting in the chapel were Oprah Winfrey, George and Amal Clooney -- dressed in an eye-catching yellow dress and hat -- tennis star Serena Williams, actor Idris Elba and singer James Blunt.Former footballer and celebrity David Beckham stopped to hug a fan as he walked alongside wife Victoria Beckham, former Spice Girls singer turned fashion designer, toward the chapel door.Guests connected to the royal family included Pippa Middleton and her parents and Tom Parker Bowles, who is the son of Prince Charles' wife, Camilla. Earl Charles Spencer -- brother of Harry's mother, the late Princess Diana -- was another of the guests, as was Harry's aunt Sarah Ferguson, the ex-wife of Prince Andrew.Former Prime Minister John Major, who was made a guardian to William and Harry after Diana died in 1997, was another high profile guest. Current Prime Minister Theresa May was not invited.Senior members of the royal family, Prince Charles, the Princess Royal, Prince Andrew and his daughters, Princesses Eugenie and Beatrice were among the last to arrive.Crowds gathered in the streets of Windsor from early Saturday, hoping to catch a glimpse of the bride and groom as they process through the town in an open horse-drawn carriage following the ceremony. Other devoted royal fans have camped out for several days to get the best possible spot. Forecasters promise blue skies for the big day.Many more people planned to rise early (or stay up all night) in the United States to watch as Harry, long a favorite with the British public for his irreverent good humor, tied the knot with his California-born bride.The wedding represents a historic moment for the royal family, as it welcomes an outspoken biracial, American divorcée into its ranks.In a reflection of its contemporary nature, the couple chose a modern set of wedding vows, with the text of the formal parts of the service taken from Common Worship, the Church of England's standard liturgy, first published in 2000. It is thought to be the first time that this text has been used in a royal wedding.There was no promise by Markle to "obey" her husband. Rather, Meghan pledged to "love him, comfort him, honor and protect him." Harry has chosen to wear a wedding ring, unlike his brother.The award-winning young cellist Sheku Kanneh-Mason was chosen to play during the signing of the register. The ceremony will end with the Etta James version of "Amen/This Little Light of Mine," a gospel song that became synonymous with the US civil rights movement.The presence of Harry's mother was also felt at the ceremony. "Guide me o thou great redeemer" was sung at Diana's funeral, at her memorial service in 2007 and at Kate and William's wedding in 2011.Guests from Markle's side included cast members from "Suits" -- the legal drama in which she made her name. Actresses Abigail Spencer, Sarah Rafferty, Gina Torres and actor Gabriel Macht were all seen arriving.It appeared that TV legend and philanthropist Winfrey, dressed in Stella McCartney with a large hat, would be seated in the Quire with the family and other close friends, rather than in the main body of guests in the nave.In an effort to be inclusive, the couple invited 2,640 members of the public, including 1,200 ordinary people from communities around the United Kingdom, to watch from inside the castle grounds as the guests arrived.Among them were Helen McKenzie and Louis Davidson, who were invited through their local community in Somerset. "We got the invitation a while ago but had to keep it secret. It wasn't easy!" Davidson told CNN as the pair headed into the castle.Timeline: From blind date to 'I will'The-CNN-Wire 6409
Amid the coronavirus pandemic, Thanksgiving this year is bound to look a bit different than in years past.When it comes to holiday gatherings, the Centers for Disease Control and Prevention (CDC) recommends you eat with people you already live with by having a small dinner or having a virtual feast.According to Numerator, a market research firm, 70% of Americans polled that they were doing Thanksgiving differently this year.According to the New York Times, consumer surveys by Butterball and Hormel Foods also saw its customers celebrating the holiday with smaller gatherings.In turn, this has many grocery store chains approaching the holiday differently by selling smaller turkeys this year to accommodate consumers.According to CNN, chains like Walmart, Giant Eagle, and Stew Leonard's are either selling smaller birds or boneless turkey breasts. 861
Anti-Semitic incidents in the US surged nearly 60% in 2017, driven in part by an increase in such cases in schools and college campuses, a new report says.It's the largest single-year increase on record -- and every state reported at least one incident for the first time since at least 2010.In its annual audit, the Anti-Defamation League found 1,986 cases of harassment, vandalism or physical assaults against Jews and Jewish institutions last year.That's up from the 1,267 incidents reported in 2016.The reason 521