BUCKSCO.Today on MSN

DunlapSLK Advises Businesses on Major Payroll and Tax Reporting Changes Under the OBBBA

The One Big Beautiful Bill Act (OBBBA) brings important changes to business tax and reporting rules, especially for employers ...
New Orleans City Business

What to know — and what isn’t known yet — about US tax deductions for tips and overtime pay

New federal tax law allows deductions on tips and overtime starting with 2025 taxes Workers earning under $150K can deduct up to $25K in tips, $12.5K in overtime Qualifying jobs may include servers, ...
Money Digest on MSN

Why FICA Taxes Are Taken Out Of Your Paycheck

FICA dates back to 1935, the same year the U.S. established the Social Security program. In 1965, FICA was expanded to ...
Staten Island Advance

Major changes for tax filers coming: Here’s what you need to know

The tax breaks on overtime and tips included in the One Big Beautiful Bill Act has prompted the Internal Revenue Service to make changes to how residents file their taxes moving forward. The IRS has ...
The Daily Gazette

Fiscal Fallout: CA could face 3.7% payroll tax hike due to new audit findings

(The Center Square) - California is scrambling to avoid an automatic 3.7% payroll tax increase to cover its projected $23.2 billion debt to the federal government for COVID-era unemployment benefits ...
Los Angeles Times

What to know — and what isn’t known yet — about tax deductions for tips and overtime pay

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 income taxes next year. But which workers will qualify for the new deductions ...