Return of the Payroll Tax

For most of us, this will come from the expiration of a two-year payroll tax "holiday", which knocked two percent off your Social Security payroll tax. For most of us, this will come from the expiration of a two-year payroll tax "holiday", which knocked two percent off your Social Security payroll tax. The last-minute 'fiscal cliff' deal will raise the average American household's tax bill by $1,250 this year, or about $25 a week. Without a deal, taxes would have jumped by more than $500 billion in 2013 as almost every tax cut enacted since 2001 was set to expire. That would have cost the average household almost $3,500 per year, or about $67 a week.

Return of the Payroll Tax

Keep reading: more insights

Tax Day 2023 and how to get an extension from the IRS

Tax Day is on Tuesday, Apr 18, 2023. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!)

Understanding the Earned Income Tax Credit

The EITC, also known as EIC, is a tax credit provided to lower income workers to help offset the basic living expenses. Here's how to know if you're eligible.)

4 Mistakes Small Businesses Should Avoid

Making mistakes is a part of starting a business, but knowing what mistakes to avoid will help small business owners in their long-term journey to success. Here are four mistakes small business owners should avoid.)