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re: GEOTUS Payroll Tax Holiday?

Posted on 8/11/20 at 1:58 pm to
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32893 posts
Posted on 8/11/20 at 1:58 pm to
quote:

Lets say your biweekly gross is $4001, but because of pre-tax deductions your Fed Taxable Gross biweekly income is $3999...I assume you meet the criteria for the holiday?
I would assume no, but I don't know for certain. It is worded that pre-tax bi-weekly income is generally less than $4000.

quote:

Didn't the President say this would be retroactive to July 1st?
I have read September in a few articles. Which is it?
Everything that I've seen is September 1-December 31. Maybe the unemployment benefit is back dated through July 1st? I'm not sure.
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