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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

Customers of Comcast’s Xfinity internet service in many states may find that they will be charged if they use a lot of internet at home.The news comes as many Americans are working, schooling and using the internet to watch TV programs through the internet.Comcast will begin limiting many customers to 1.2 terabytes of internet data per month before charging overages. Beginning in December, Comcast says it will begin offering an unlimited plan for customers who plan to use that much data. For most customers who rent a gateway from Comcast, an unlimited plan would cost an additional a month, while most other customers would pay an additional a month. Comcast will implement the plans for customers in the states of CT, DE, MA, MD, ME, NH, NJ, parts of NC, NY, parts of OH, PA, VA, VT, WV, and the District of Columbia.The cap will not apply to the Gigabit Pro tier of service or business internet customers.For those who use more than 1.2 terabytes of data per month, Comcast will charge for every 50 gigabytes of additional data. The overages will be capped at 0 per month.Comcast says it will notify customers when they're nearing their data limit, and will send those notifications at 75%, 90% and 100% usage.Comcast says only 5% of its customers exceed 1.2 terabytes of data per month. Before the pandemic, Comcast suspended caps on internet usage as more Americans began using the internet for work and school.Those who stream TV might be most likely to go over the cap. According to Netflix, one hour of video can use up to 7 gigabytes of data. Someone who streams six hours a day without using any additional internet could use up an entire month’s worth of data. However, Comcast refutes those estimates and says that 1.2 terabytes cover as many as 500 hours of streaming video. More details can be read here.Editor's note: An earlier headline on our article erroneously classified the new policy as an "internet usage cap" and has since been changed. The earlier version also stated that customers will receive a notification when 90% of their data is used. It has been updated to reflect they will also receive notifications at 75% and 100% use. Additionally, a clarification was added to reflect customers can purchase unlimited plans in December. 2287

Cloie Musumecci sent MTN News a brief video of a woman tripping and falling as a bison charged at her and another person in Yellowstone National Park.Cloie said in an email that the incident happened at Nez Perce Creek. She said the woman "is a Montana local so she knew to play dead in that situation."The woman was not injured and escaped "without a scratch," Cloie said. No further information has been released yet, such as whether or not the visitors got too close the bison.Several recent incidents involving visitors and wildlife at Yellowstone:Woman gored by bison in Yellowstone parkWoman injured by grizzly in Yellowstone parkChild tossed in air by bison in YellowstoneWoman knocked down by bison in Yellowstone parkWe are trying to get more details about the incident and will post an update if we learn more.Park officials says that animals in Yellowstone National Park are wild. When an animal is near a trail, boardwalk, parking lot, or in a developed area, visitors must give it space. Stay 25 yards away from all large animals – bison, elk, bighorn sheep, deer, moose, and coyotes - and at least 100 yards away from bears and wolves.Bison are the largest mammals in North America. Males can weigh up to 2,000 pounds and stand up to six feet tall, according to the Department of Interior. 1311

CORONADO - San Diego residents and visitors say they are feeling the psychological impacts of the falling stock market when it comes to their investing and spending. The Dow Jones Industrial Average dropped more than 650 points on Monday, its worst Christmas Eve performance ever. "My IRA is hurting," said James Adams, going to lunch in Coronado. "I can't really do too much. It's too late to move money around now so we just have to weather it and hope it goes back up."The Dow has dropped 15 percent in the last three weeks, pushed by political gridlock leading to a government shutdown, trade wars, amid rising interest rates. Alan Gin, an economist at the University of San Diego, said people tend to spend more when the stock market is doing well because they feel wealthier. However, the opposite happens when the market is on the downswing. Paul Aliu, visiting from Washington D.C., said it's scary for him to check his 401(k). He said he was reconsidering a trip to the Zoo after he found out the ticket was more than . "I'm watching every dollar and every penny that I spend," he said.Dennis Brewster, a San Diego financial adviser, said it's important to think long term and not panic. Selling now locks in any losses. "It's hard to keep your perspective when we're in the middle of these declines," he said. "I encourage people to keep a longer term view." 1379

Comedians are apologizing for using blackface in skits, and networks are removing shows that feature blackface amid renewed attention on the racist portrayals.On Tuesday, Tina Fey asked that four episodes of '30 Rock' get pulled from circulation.The '30 Rock' episodes featured Jane Krakowski's character, Jenna, in two cases wearing blackface and Jon Hamm in blackface during a season six episode, CBS News reported. Jimmy Fallon recently apologized for his impersonation of Chris Rock by wearing blackface in a 'Saturday Night Live' skit from 20 years ago.Jimmy Kimmel apologized for using blackface for his impersonation of NBA star Karl Malone in the 1990s.According to Vulture, Netflix removed shows 'Little Britain', 'The Mighty Boosh,' and 'The League of Gentlemen' from their streaming service because of "white actors portraying characters of color."An episode during the sixth season of 'It's Always Sunny in Philadephia' was also pulled from Netflix.The decision for the apologies and the removal of these shows and episodes comes amid the Black Lives Matter protests over the death of George Floyd. 1118

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