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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 Harford County, Maryland Sheriff's Department is hoping you can help find the people who tried to steal an ATM from a Shell Gas station.The attempted theft happened at 3:34 a.m. on March 16. Two unknown individuals broke into a Shell station in Belcamp, Maryland.Surveillance video shows one suspect wrapping a chain around the ATM. Another suspect is in a vehicle and tries to pull it out of the store using the vehicle. They were unsuccessful. Anyone with information is asked to call Detective Amanda McCormack at 443-567-7091 or you can submit an anonymous tip with Metro Crime Stoppers at 1-866-7LOCKUP. 668
The nation's first fast-food hamburger chain wants you to carry their sliders safely during the pandemic.White Castle debuted their Crave Clutch, which carries 20 of their sliders. 188
The news conference has concluded. Sheriff Ayub has confirmed the body recovered at Lake Piru today was Naya Rivera. Our hearts go out to her family, friends and fans during this difficult time. An autopsy will be performed to determine the cause of her death.— Ventura Co. Sheriff (@VENTURASHERIFF) July 13, 2020 321
The NFLPA announced that it has reached an agreement with players on moving forward with the 2020 season.The NFLPA said that its board approved the deal by a 29-3 margin.NFL Network reported that the agreement will allow high-risk players to opt out from the upcoming season due to coronavirus concerns. The league will also spread out the financial impact from the upcoming year over the next four seasons. The league projects lower revenue due to the coronavirus.The NFLPA said earlier this week that it was pushing for enhanced testing, treatment and contact tracing protocols amid the coronavirus pandemic as part of the deal. 638
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