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The IRS clarified on Friday that companies will be obligated not to take Social Security taxes from paychecks starting next week running through the end of the year.Nearly all Americans are taxed 6.2% per check to go toward Social Security. For now, barring any action from Congress, most Americans will see larger paychecks through the end of the year. The guidance is based on an executive order signed earlier this month by President Trump in hopes of stimulating the economy.Related: What a payroll tax deferral may mean for your paycheck and taxesThe Social Security tax deferment is applicable to workers who make up to ,000 on a bi-weekly basis. Those making more than ,000 every two weeks will continue to have their Social Security taxes withheld from checks.The deferment is not an actual tax cut, and because the deferment was done via executive order rather than an act of Congress, the taxes will need paid back by April 30, 2021.The White House has said they would like to see the elimination of the Social Security payroll tax be made permanent in an effort to lower the tax burden. Opponents say that eliminating the tax on Americans would make Social Security insolvent.Stephen Goss, the chief actuary for the Social Security Administration, told the US Senate this week that a hypothetical bill that would make the tax deferment permanent would cause Social Security to no longer be able to make payments to beneficiaries by the middle of 2023.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. 1821

The government’s leading infectious disease expert told CNN on Thursday that the NFL will need to take significant steps in order to conduct a season this fall.During an interview with CNN, Dr. Anthony Fauci said that the NFL will need to consider playing games in a “bubble,” much like how the NBA and MLS plan on resuming their seasons later this summer."Unless players are essentially in a bubble -- insulated from the community and they are tested nearly every day -- it would be very hard to see how football is able to be played this fall," Dr. Fauci told CNN. "If there is a second wave, which is certainly a possibility and which would be complicated by the predictable flu season, football may not happen this year."Dr. Fauci's comments come as several states, including Arizona and Florida have seen a jump in coronavirus cases. As of now, the NFL continues to plan on playing games in home stadiums.But decisions on moving forward will need to be made in the coming weeks, with training camp starting in a month, and preseason games in August.NFL chief medical officer Dr. Allen Sills told the NFL Network that placing NFL players in a “bubble” was not realistic. The number of players and coaches employed by the NFL is considerably higher than the MLS and NBA."Dr. Fauci has identified the important health and safety issues we and the NFL Players Association, together with our joint medical advisors, are addressing to mitigate the health risk to players, coaches and other essential personnel," Sills said in a statement to the NFL Network."We are developing a comprehensive and rapid-result testing program and rigorous protocols that call for a shared responsibility from everyone inside our football ecosystem. This is based on the collective guidance of public health officials, including the White House task force, the CDC, infectious disease experts, and other sports leagues."Make no mistake, this is no easy task. We will make adjustments as necessary to meet the public health environment as we prepare to play the 2020 season as scheduled with increased protocols and safety measures for all players, personnel and attendees. We will be flexible and adaptable in this environment to adjust to the virus as needed." 2249

The New York City Ballet announced they would stream their 2019 performance of George Balanchine's "The Nutcracker" on Marquee TV due to the coronavirus pandemic.2020 marks the first year since its debut in February 1954 that the dance company will not perform NYC's holiday season's signature event.The production will be available beginning Dec. 11 through Jan. 3. 374

The legacy of singer Selena Quintanilla has lived on for more than two decades. Now the "Queen of Tejano music" has joined a constellation of stars in the Hollywood Walk of Fame.The singer simply known as Selena was honored Friday with a posthumous star in one of showbiz's most visible landmarks."While she was taken from us way too early, we now have something permanent that generation after generation can see in the most famous neighborhood anywhere in the world," Los Angeles Mayor Eric Garcetti said. 515

The Houston Rockets have traded Russell Westbrook to the Washington Wizards for John Wall and a future lottery-protected, first-round pick. Both teams announced the trade Wednesday night. The move ends Westbrook’s tenure in Houston after just one disappointing season. Westbrook was traded from Oklahoma City for Chris Paul and draft picks in July 2019.Westbrook's Rockets defeated Paul's Thunder in the first round of the NBA Playoffs during the summer, but lost to the Clippers in the next round, only winning one out of five games in the series. Westbrook is a nine-time NBA All Star, and was the league's MVP in 2017. Wall had a string of five straight All-Star appearances before injuries the last two seasons held him back. 738