Payroll tax rate includes Social Security and Medicare taxes, but other fees may be included as well. Here's everything you need to know.
In 2024, up to $168,600 in earnings are subject to Social Security payroll taxes. Millionaires are set to hit that threshold in March.
A payroll tax is a percentage withheld from an employee's salary and paid to a government to fund public programs. Learn more about how payroll taxes work.
Gain insights into the complexities of payroll taxes and how they impact government programs, individual finances, and business operations.
Find payroll tax information, including taxable income, filing deadlines, payroll deposits, record keeping and reporting.
How to calculate net income ; Determine taxable income by deducting any pre-tax contributions to benefits ; Withhold all applicable taxes (federal, state and local) ; Deduct any post-tax contributions to benefits
Explore this 2024/25 guide to payroll taxes by state for small business owners. Learn state-specific rules to stay compliant and financially savvy.
employers pay their employees.[1] By law, some payroll taxes are the responsibility of the employee and others fall on the employer, but almost all economists agree that the true economic...
If you have employees, you need to deduct and pay payroll taxes. Read this guide to understand your obligations.
Here's what President Trump's payroll tax cut means for your paycheck.