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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

Are you a master of cryptocurrency? Are you tired of mining for money and looking for something to take your mind off of it?You're in luck, a Las Vegas strip club is accepting Bitcoin and making it easy to use the currency inside of the club.The Legends Room is located near Twain Avenue and Valley View Boulevard and is one of the first strip clubs to go crypto. The club has an in-house Bitcoin ATM, which allows customers to purchase Bitcoin on site.The ATM is great but Bitcoiners will really be excited to learn that the dancers will wear temporary tattoos that can be scanned by an iPhone for tipping purposes.Why make it rain when you can make it code? 672

ANTIOCH, Tenn. — The Associated Press, CBS, and NBC News are reporting that federal investigators have been searching through the home of a possible person of interest in connection to the explosion that rocked downtown Nashville on Christmas morning.The AP reported that agencies were at a home in Antioch in suburban Nashville after receiving information regarding the investigation.According to CBS and NBC News, investigators searched the home of 63-year-old Anthony Quinn Warner.Scripps sister station in Nashville WTVF discovered just weeks ago - he signed over his longtime home to a 29-year old woman who lives in California.Property records show he sold her another house nearby a year earlier.We don't know much about Warner, other than the likely owned an alarm company during the 1990s.Law enforcement received more than 500 tips that led them to this home on Bakertown Road in Antioch.Marco Rodriguez lives in the same building as Warner. He said at around 10 a.m. on Saturday federal agents told him to evacuate."They came in and told us to get out just in case there was a bomb or something," Rodriguez said.Federal agents and metro police spent the day combing through Warner's home, making sure it was safe and looking for evidence.Neighbors tell me when police showed the picture of the RV that was used in the downtown bombing, they immediately recognized it."It was parked over there all the time," Rodriguez said, "It's weird because it could've been us if he wanted to like blow us up or the bomb could've malfunctioned."WTVF was able to dig up property assessment photos of the home. It shows the RV there as far back as 2007.Google street view pictures of Warner's property from last year also showed an RV similar to the one used in the bombing.It is unclear right now if anyone was inside the house when federal agents entered.Police Chief John Drake said tissue was found near the explosion site and authorities are working to confirm if it is human remains.This story was originally published by Seena Sleem at WTVF in Nashville, Tennessee. 2076

Andrew McCabe is describing his firing as part of President Donald Trump's "ongoing war" with the FBI and the special counsel investigation.Attorney General Jeff Sessions fired the former FBI deputy director Friday, two days before McCabe was set to retire, ending his two-decade career with the bureau."This attack on my credibility is one part of a larger effort not just to slander me personally, but to taint the FBI, law enforcement and intelligence professionals more generally," McCabe said in a statement after his firing."It is part of this administration's ongoing war on the FBI and the efforts of the special counsel investigation, which continue to this day. Their persistence in this campaign only highlights the importance of the Special Counsel's work," he added. 787

As a jazz musician who’s traveled the world with some of the best-known artists in the industry, your first assumption might be that Daryl Davis’ claim to fame is from being on stage. But the African American racial justice activist is better known for the work he’s done over the years helping Ku Klux Klan members leave behind a life of racism and white supremacy.It started back in the early 1990s when Davis arranged a meeting with a former wizard of the KKK. At the time, he did not know Davis was Black.Over the years, the two forged an unlikely relationship with one another. Davis would regularly be invited to Klan rallies across the country. He didn’t agree with their message, but he wasn’t there to join the Klan, he was there to help persuade members’ opinions on race.“You have ignorance and if you don’t cure that ignorance, that turns into fear because we fear things we don’t understand and if you don’t turn that fear, it escalates to hatred, because we hate the things that frighten us,” the 64-year-old explained.Having spent decades with members of the KKK, Davis doesn’t argue or even get frustrated with those he meets. Instead, Davis tries to plant a seed that he nurtures and helps grow over time. That seed, he says, is breaking down barriers that exist between KKK members and African Americans.As Davis spends time getting to known Klan members, he says that over time, many start to see him for more than the color of his skin, they see him as human.“If you have cancer in the bone, you can’t rub topical cream on top, you have to drill to the bone and put chemo or radiation to the source. And that’s what we have to do with racism. Go to the source, which is ignorance. It’s not inherited, it’s a learned behavior,” he said.To date, Davis has helped more than 200 Klan members leave the white supremacist group. Many send Davis their robes after they abandon the KKK. But Davis is quick to note that he never convinces anyone to leave.“I didn’t convert anybody, but I am the impetus for over 200 people to convert themselves. I planted the seed so they could come to the conclusion that, ‘I might need to be rethinking what I’m thinking,’” he added.As for the current state of racial unrest gripping the country, Davis sees this as a moment of reckoning where real institutional change on racism is possible.“We have never had this many white people join in our cause. This is a major change. We are turning another page in the history of this country and we have not turned a page in a long time,” said Davis. 2549

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