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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

CLEWISTON, Fla. -- An overturned sugarcane truck has caused the closure of southbound lanes of U.S. 27 near Clewiston Wednesday.Florida Highway Patrol reports that the truck overturned Wednesday morning at the intersection of U.S. 27 and Evercane Road, just east of Clewiston.All southbound lanes were closed while crews clean up the approximately 25 tons of sugarcane that spilled onto the roadway.The roadway has since reopened.No injuries are reported. 468

COVID-19 is impacting industries all throughout our country, and the real estate market is seeing its share of ups and downs. But now, there is a possible light at the end of the tunnel.“I’ve seen all sorts of crazy,” said realtor Amy Asher of the unpredictable housing market in 2020.First time home buyer Alex Saiz decided this was the time to pull the trigger and leave apartment life behind.“It’s really exciting and a bit stressful,” Saiz said. "I was renting. I just didn’t want to rent anymore.”He’s been looking at houses with Asher.Asher said when COVID-19 hit in March, the market screeched to a halt.“We were all nervous, because you don’t know what to expect,” Asher said.According to the National Association of Realtors, 85 percent of realtors saw a noticeable decline in sales in the spring. However, the trend is changing.“Once we got the green light to kind of move about and practice business, man, everyone just jumped,” Asher said.For most of the country, the pandemic means school at home for the kids and stressed out parents trying to work from home, too.“I’ve had a lot of past clients call me who feel like the walls of their homes are just closing in around them,” Asher said.As for Saiz, the upswing after lockdown meant finding the perfect bachelor pad."(The pandemic) almost kind of helped me, because it did bring the prices lower and the interest rates dropped,” Saiz said. “It was kind of an opportunity that I took advantage of. It was a total no-brainer.”For now, the roller coaster ride that is 2020 will continue. Although the future looks promising, this year has taught us all that anything can happen."If we don’t level out a little bit, I think we could be heading toward a bubble burst,” Asher said cautiously. 1759

CORAL SPRINGS, Fla. (KGTV and WPBF) - The Parkland community gathered for a vigil Thursday to remember the 17 victims of the Marjory Stoneman Douglas High School shooting.The vigil took place at Parkridge Baptist Church in Coral Springs, about a mile from the school.Florida Governor Rick Scott and other elected officials joined the group.The church has a direct tie to the high school. When it first started its ministries, the church used the school auditorium. 477

Cross-platform comparison of ?? Face with Medical Mask prior to Apple's iOS 14.2 beta release. Image: Vendor designs / Emojipedia composites. 149