Understanding your paycheck has become more complicated than ever. Between federal taxes, state income tax, local taxes, ...

A little more than 7% of your paycheck goes to cover the social programs that Americans use when they become elderly or ...

The Social Security payroll tax includes a 6.2% tax paid by both employees and employers. Workers will pay Social Security payroll taxes on up to $184,500 in earnings in 2026. Individuals who have ...

Payroll deductions are the specific amounts that you withhold from an employee’s paycheck each pay period. There are two types of deductions: voluntary deductions, such as health insurance and 401 (k) ...

Workers who participate in President Donald Trump’s payroll tax deferral will see a temporary increase in their take-home pay, but they’ll likely see smaller paychecks in early 2021. Sept. 1 marks the ...

A growing share of U.S. workers are struggling to cover expenses as everyday costs continue to weigh heavily on household budgets, according to new survey findings. PNC Bank's annual Financial ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. The IRS can be tough on collecting income taxes, and even tougher ...