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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

An investigation into what led up to an explosion that hurt officers and a hostage situation in North Haven continued on Thursday.State police said a man held his wife hostage inside of a home on Quinnipiac Avenue for several days.She escaped, but he barricaded himself inside a barn near a house on the property.That's when police said the explosion happened on Wednesday night.Eight officers were hurt and the suspect is not in custody. Police said they continue to search for him.The area surrounding the property has been blocked off by rows of cruisers. Quinnipiac Avenue is closed between McArthur Road and Pent Way.North Haven police said they first responded around 2 p.m. on Wednesday.A woman went to the North Haven Police Department with a complaint about an incident at the Quinnipiac Avenue home.Police said the woman had managed to escape after she was held hostage for three days by her husband.Troopers told Channel 3 that they determined a tactical response was necessary.A SWAT team was called in to help.While police and the SWAT team were negotiating with the man, state police said there was an explosion at a barn near the home.Flames were captured in video that was recorded at the scene.The last time the man was seen was when he was barricaded inside of the barn."The suspect is not in custody at this time," said trooper Kelly Grant, Connecticut State Police. "They are still attempting to locate that suspect. They have asked the residents right in this general vicinity to shelter in place while they conducted this investigation."The eight tactical officers who were hurt in the explosion were taken to Yale-New Haven Hospital.None of their injuries were life-threatening.State police have taken over the investigation.  1762

As hundreds of students from Marjory Stoneman Douglas High School prepare to board buses to lobby lawmakers to demand gun control, a measure was struck down on Tuesday by the Republican-held Florida House that would ban assault weapons. The motion was denied by a whopping 71-36 tally. Tuesday's vote came six days after a confessed gunman killed 17 lives at the Parkland, Florida high school. Many of the 3,000 students of the high school have since been vocal in their opposition to status quo gun laws, with the hope of increasing restrictions to posses firearms. The accused gunman, Nikolas Cruz, used an AR-15 type weapon during his massacre, which only lasted several minutes before he tried to blend in with students escaping the school. According to the Associated Press, the bill will likely no longer be considered during this session of the legislature.  898

As COVID-19 vaccine research shows promising results, some employers may be able to require workers to get it."You should already have a plan in place before this vaccine even comes available to have those discussions with your employees, it’s best to set the groundwork now." Attorney Rebecca Demaree is a labor and employment lawyer at Cornelius & Collins, LLP. She said it may surprise employees, but it's not unusual during a public health crisis."There are precedents for this especially in the field of healthcare requiring flu vaccines, requiring TB tests, requiring your basic vaccinations," Demaree said.NewsChannel5's Alexandra Koehn asked, “So when a COVID-19 vaccine comes out, for the people who are worried about getting it and aren’t ready, what would you say to them if their employer requires it?”“Well if their employer requires it, you have a few other hoops to jump through," Demaree said.For example, there are religious exemptions and other protective classifications like physical reasons. "You still have the ability as an employee to voice your concerns to your employer, " Demaree said, "In what’s called a joint activity and that’s protected as well."The attorney said she's already had clients in the hospitality and healthcare field reach out to her for guidance about requiring a vaccine.This story was first reported by Alexandra Koehn at WTVF in Nashville, Tennessee. 1411

Andrea Constand is giving thanks to the Pennsylvania county where Bill Cosby was found guilty of assaulting her -- and presumably its prosecutors and jurors -- in her first post-trial tweet."A very profound and heartfelt thank you to the Commonwealth of PA, Montgomery County, for their service and sacrifices. Congratulations," her tweet from Friday morning reads."Truth prevails," the tweet ends. 406

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