Money Fix: Offset payroll tax increase
For those feeling the pinch of the reinstated payroll tax, experts suggest getting creative in finding extra funds to make up the shortfall. Credit: iStock
It didn't take long for the pain from the 2 percent payroll tax increase to hit your wallet. Households bringing home $50,000 a year will take home roughly $38 less per biweekly paycheck (about $1,000 a year), and those making $100,000 will see about $2,000 less a year.
With some maneuvering, you can make up the shortfall.
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