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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 Polk County (Fla.) Sheriff's Office has arrested a substitute teacher at Westwood Middle School after he reportedly grabbed a 12-year-old boy around the neck and pushed him against a wall. Robert Knight, 39, an employee of Kelly Educational Staffing, has been charged with negligent child abuse without bodily harm. The incident occurred on April 12 at Westwood Middle School in Winter Haven. Deputies responded to a call in reference to a child abuse investigation. A student told deputies he was choked by the P.E. coach, Robert Knight, on Wednesday, April 11. The student told deputies that he and Knight were "smack talking" when Knight took his shirt off and challenged the student to a fight, according to the arrest affidavit. The student said he didn't want to fight a "thirty year old man." Knight then wrapped his hand around the student's neck and pushed him against the wall while other students grabbed Knight's arm and attempted to separate him from the student, according to the affidavit. While he was being interviewed, Knight told deputies "I guess I finally let it get to me," referencing the smack talking with the student. He told deputies he "lost his cool" and doesn't know if he blacked out during the incident but that all he remembers were the kids pulling him off of the student. Knight is not employed by the Polk County School Board, but is employed by Kelly Educational Staffing as a substitute teacher. He was filling in for the male P.E. coach on Wednesday, April 11. Knight was taken into custody and transported to the Polk County Jail without incident."We expect much better conduct from a substitute school teacher. We compliment the school district staff who worked hand-in-hand with us to hold Mr. Knight accountable for his conduct" said Polk County Sheriff Grady Judd. 1855

The judge presiding over the trial of four former Minneapolis police officers involved in the arrest that led to the death of George Floyd dropped a lower-level murder charge against the man who knelt on Floyd's neck, according to the Minneapolis Star Tribune and KMSP-TV in Minneapolis.Hennepin County District Judge Peter Cahill dismissed a third-degree murder charge against Derek Chauvin on Thursday. Chauvin still faces charges of second-degree murder and second-degree manslaughter. The state has five days to appeal the ruling.Cahill also ruled that three other former police officers, J. Alexander Kueng, Thomas Lane and Tou Thao, will remain charged with aiding and abetting murder and manslaughter. Chauvin, Kueng, Lane and Thao were arrested in June, days after video of their arrest of Floyd was shared widely on social media. Video of the arrest showed Chauvin kneeling on Floyd's death for nearly nine minutes. Floyd was pronounced dead hours later.Chauvin was initially charged with third-degree murder, but Minnesota Attorney General Keith Ellison later added a charge of second-degree murder. In Minnesota, a third-degree murder charge implies that a death was unintentional, while a second-degree murder charge implies intent.Earlier this month, Chauvin was released from jail after posting a million bond.This story is breaking and will be updated. 1378

The Justice Department on Monday is expected to name Chicago's top federal prosecutor, US attorney John Lausch, to oversee the FBI's production of documents to the House Judiciary Committee, after President Donald Trump angrily accused it of "stalling" the release.Multiple media outlets reported last week that the Justice Department had missed a subpoena deadline to provide the House Judiciary Committee with documents related to an array of issues Thursday. CNN reported on Friday, however, that the department plans to give the committee 1,000 pages of information on Monday.On Twitter Saturday, Trump accused the department of slow-walking "documents relating to FISA abuse," Hillary Clinton's emails, former FBI Director James Comey and others, and asked what it and the FBI "have to hide." 805

The intersection in Minneapolis where George Floyd died will now be known as George Perry Floyd Jr Place.The Minneapolis City Council approved on Friday of renaming the corner of 38th Street and Chicago Avenue.Public Works Director Robin Hutcheson applied to get the street renamed.The council said the name is commemorative, so mailing addresses won't change.Floyd died while in police custody back in May. His death has led to protests worldwide, with activists calling for justice and racial equality. 512

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