Recent Legislation Cuts Payroll Taxes for Most Workers

Recent legislation cuts employment taxes for most workers by 2%. For employees, the payroll tax cut applies to wages received in 2011. For self-employed individuals, the self-employment tax cut applies to self-employment income earned in 2011 (for calendar year taxpayers). The legislation also extends an income tax credit for certain employers. To read more, click here

Advertisements
%d bloggers like this: