Poll: How will you deal with the federal payroll tax increase?
If there is a mistake on an employee's tax withholding statement from a company, there are ways to fix it when filing a tax report. Credit: iStock
The fiscal cliff deal reached by Congress and the Obama administration did not affect the expiration of a temporary reduction in Social Security payroll taxes.
Last year, the 2 percentage-point temporary cut in federal payroll taxes was worth about $1,000 to a worker making $50,000 a year. Employees will see the tax increase from 4.2 percent last year to 6.2 percent in their 2013 paychecks.
How will you manage with the tax increase? Vote and leave a comment. Voting results and a selection of comments will appear in next Sunday's business section.
Mass immigration hearings ... Latest on crash that killed construction worker ... Guilty plea in fatal stabbing near yacht club ... LI Works: Selling suits
Mass immigration hearings ... Latest on crash that killed construction worker ... Guilty plea in fatal stabbing near yacht club ... LI Works: Selling suits
