That rate will be applied to any supplemental wages, such as bonuses, up to $1 million during the tax year. If your bonus ...

Lalo Valdez and Matthew Olson, who are both residents of Northern California, cost the IRS about $1.5 million and $2.1 ...

Of your many responsibilities as a small business owner, ensuring that your employees’ pay is calculated accurately rank ...

Tax breaks on overtime pay and tipped earnings passed the House on May 22, 2025, as part of the “One Big Beautiful Bill Act” (H.R. 1). The ...

House GOP tax bill reshapes HR with new pay, benefits rules. Herte’s an HR guide to big beautiful bill’s pay, payroll, benefits changes.

In the recent United States Tax Court case O’Connor v. Commissioner of Internal Revenue, Judge Arbeit sanctioned the petitioner for ...

The US Senate has passed a new bill that would offer a tax deduction on tips worth up to $25,000. This bill, if enacted into law, would also extend to business tax credits for payroll taxes on tips in ...

People who are considered ‘highly compensated employees’ wouldn’t be eligible for the ‘no taxes on tips’ provision in the GOP ...

HOW TO ENTER: The Sweepstakes entry period begins at 2:00 p.m. Pacific Time (" PT ") on May 16, 2025, and ends at 11:59 a.m. PT on May 26, 2025 (" Entry Period "). Online entry only. No other method ...

This tax toward Medicare is included in the self-employment tax that is paid quarterly through estimated tax payments. The self-employment tax amount is based on net earnings calculated using IRS form ...