ThomsonReuters

DECEMBER 29, 2020

Section 288 aligns the definitions of qualified wages for paid sick and family leave with the Internal Revenue Code and excludes leave payments from employer Social Security employment taxes. Extension of Certain Deferred Payroll Taxes. Payroll-Related Tax Extenders. Work Opportunity Tax Credit.

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ThomsonReuters

MARCH 15, 2023

Its use poses a unique issue for employers in terms of constructive receipt.  In general, wages are taxable for federal withholding tax, FICA taxes, and FUTA when the employee is paid the wages and not when they are earned. This is known as constructive receipt. 31, 2025 the Work Opportunity Tax Credit under  Code Sec.

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CPA Practice

JUNE 15, 2023

Biden and congressional Democrats thus far have focused their efforts to reduce those two programs’ budget shortfalls by reining in Medicare prescription drug costs, and by raising Medicare and Social Security payroll taxes on high-income earners. The largest piece, amounting to $2.48

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