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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
ANAHEIM, Calif. (KGTV) -- Disneyland announced Monday that Oga’s Cantina will start taking reservations up to two months in advance. The resort Tweeted that, starting October 21, the cantina, along with Savi’s Workshop and the Droid Depot will begin offering the reservations up to 60 days ahead of time. The announcement was followed by a tweet announcing new food coming to Star Wars: Galaxy’s Edge. “We’ve got an intergalactic shipment of several new menu items flying into the Black Spire Outpost this week, and you won’t want to miss them,” the resort said in a blog post. The cantina is the only spot in Disneyland that serves alcohol. Those who step inside the restaurant are entertained by droid DJ R-3X, a former Starspeeder 3000 pilot, according to the resort. Click here for a list of new food items coming to the land. 839
ANAHEIM, Calif. (AP) — A Los Angeles police detective has been charged with secretly videotaping dozens of men inside a restroom at Angel Stadium of Anaheim.The Anaheim city attorney's office says 42-year-old Ryan Caplette was charged Friday with 75 misdemeanor counts.Prosecutors allege that Caplette was the man seen videotaping inside a stadium bathroom on June 8. He was off-duty at the time. Caplette was released after being placed under a citizen's arrest.Prosecutors allege that Caplette videotaped at least 37 people that day.Caplette is charged with disorderly conduct that includes peeping with intent to invade privacy, secretly videotaping in a restroom and loitering.Caplette couldn't immediately be reached for comment. He has a court appearance scheduled for July 22.An LAPD spokesman says Caplette has been assigned to paid home duty. 859
ANAHEIM (CNS) - Disneyland's newest Marvel comics-related attraction will open in July, the theme park announced Wednesday.Avengers Campus is set to open July 18 in Disney California Adventure Park.The concept revolves around Spider-Man recruiting guests as "recruits" to the superhero team, which include Iron Man, Doctor Strange, Ant- Man and the Wasp.RELATED: Robotic Spider-Man to swing over 'Avengers Campus' guestsGuests will see Spider-Man perform acrobatics in a new attraction on Avengers Campus called WEB SLINGERS: A Spider-Man Adventure.Guests will also get a chance to train with Black Panther and his fictional country's elite guards from Wakanda. In The Collector's Fortress, guests will be able to help save the Guardians of the Galaxy.Lunch will be served in the Pym Test Kitchen, where scientist Hank Pym, aka Ant Man and Giant Man, will use his Pym Particles to change the size of various snacks.RELATED: California Adventure's 'Avengers Campus' will need a new ride systemOr guests can get a meal at Shawarma Palace, which is a nod to one of the Avengers movies in which Tony Stark took his superhero team to the "shawarma joint" two blocks from an epic battle.Iron Man will show off a new armor, the Mark 80. Doctor Strange will train guests in the "mystic arts" at his "ancient Sanctum."Guests will also see the villain Taskmaster on the campus as well as heroes the Black Widow, Thor, Captain America and Captain Marvel.RELATED: Review: 'Rise of the Resistance' fulfills missing 'Star Wars' feel at Galaxy's Edge"When we set out to create these extraordinary Super Hero experiences across the globe, we designed a new Spider-Man attraction for Disney California Adventure park in an immersive land with amazing character experiences," said Scot Drake, portfolio creative executive for Walt Disney Imagineering. "We also crafted an original story that ties all the experiences together in ways that are authentic to these characters. We worked side-by-side with teams that brought the Avengers films and comics to life to create a place that champions the next generation of heroes."Just as Tony Stark, aka Iron Man, offered up his Manhattan mansion in Marvel comic books to the Avengers, the character provides the campus in the theme park, according to the story.Guests first begin at Worldwide Engineering Brigade, also known as WEB, where they will see Peter Parker, the secret identity of Spider-Man, who has been recruited by Tony Stark to make new inventions to help the guests become super heroes.RELATED: Disney World, Disneyland increase prices for annual passesAvengers Headquarters is central to the attraction, and it is where guests will catch members of the Avengers heading into action.The mission for guests is to team up with Spider-Man to help round up renegade Spider-Bots before they rampage through the campus. Guests will wear 3D glasses to test drive Peter Parker's latest invention, a WEB Slinger vehicle. 2960
Are you owed money you don’t even know about? You might be, if your name is in an unclaimed property database. Each year, billions of dollars from forgotten security deposits, refunds, uncashed paychecks and even old bank accounts are reported to state agencies. And each year, according to the National Association of Unclaimed Property Administrators, an organization affiliated with state treasury departments, states return more than billion to their rightful owners.Just ask Maria Barlow, an attorney in Chicago. A few months ago, she was sitting at home when she decided to plug her name into the Illinois unclaimed property website. “I was surprised to see there was an entry,” she says. Fast forward a few weeks, and she had a check in hand for .80.If you are wondering if you have unclaimed property, here’s how to find out.Search online at state agenciesThe National Association of Unclaimed Property Administrators’ website, Unclaimed.org, links to agencies in all 50 states, the District of Columbia and other territories. With these sites, you can search unclaimed property databases for free. The organization also sponsors MissingMoney.com, which lets users search multiple states at once, though not every state participates.To pull up the property database, you will likely be asked to enter a last name. You could also enter a first name, city or ZIP code to help narrow the search. From there, you may find entries detailing the owner’s last known address, property amount and the company that initially held the funds. Depending on the database, the state may provide the exact amount of the property, or give a range, such as “under ” or “ or more.”Barlow says her entry was from an old internet provider. The company owed her a refund because she moved and switched off service before her billing period ended. But it didn’t have the correct forwarding address, so it sent the money to the state. Barlow says she filed a claim online, and it was processed within two weeks. “Even in the pandemic, it didn’t take long to receive it,” she says.Finding a small amount can still give you breathing room in your monthly budget or help pad your emergency fund. (Read more about emergency funds and why they’re important.)Prove you are the rightful ownerFiling a claim may involve scanning and uploading identification, such as your driver’s license, and other documentation that you live (or lived) at the address on file. For example, you might be asked to upload a recent utility bill. For certain types of claims, such as those for money orders, you may need to mail documentation instead of uploading. (You can read more about money orders here.)Heirs can follow a similar process for claiming property if the owner is deceased. Lorrie Walker, a financial advisor in Lakeland, Florida, advised a client earlier this year whose late husband had funds in old bank accounts. She says her client provided additional paperwork, including her husband’s death certificate, to claim the property.Later, Walker checked the state treasury website for unclaimed property of her own. “Sure enough, there was money for a security deposit in an apartment I lived in 20 years ago,” Walker says. She filed a claim online and, a few weeks later, received a check for 5.If the property is tied to an old address, don’t be discouraged. In Barlow’s claim, she explained that she no longer had documentation, and she still received her money, she says.It is OK to be nosyData within unclaimed property databases is publicly available, so you can search on behalf of others. You can then alert them if they have lost funds, but it’s their responsibility to claim the funds and prove ownership.Barlow says she entered the names of about 15 family and friends and found unclaimed funds for many. She says that since she alerted them to the cash, many were able to collect. “I may be nosy, but I found them money,” she says.Pro tip: Make the most of your moneyIf you do find and receive funds, you can make this “found” money work for you by putting it in an account with a high interest rate. These accounts may earn 10 times more than the national average, so you can take the unexpected funds and grow them even more.The smaller amounts may not make you rich, but they can still be worth searching for, Walker says. “At the end of the day, it is your money. So it’s better for you to have it than the state.”More From NerdWalletHow to Get Started If You’ve Never Had a Bank AccountSmartMoney Podcast: Setting Money Goals at Milestone Birthdays, and Bagging Big Bucks with Bank Bonuses6 Do’s and Don’ts When Saving Money During a CrisisMargarette Burnette is a writer at NerdWallet. Email: mburnette@nerdwallet.com. Twitter: @Margarette. 4757