When employers pay their employees, they must remit payment for federal, state and, in some cases, local programs. Employees also pay a portion of the tax bill, but self-employed individuals must ...

CreditNinja reports that in 2025, 29%-33% of taxes are withheld from paychecks, varying by location and income.

In the last six months we have seen a marked increase in the number of contractors who have required our assistance to resolve payroll tax issues with the IRS. All of these clients had one thing in ...

Tracking your company’s spending is essential for maintaining accurate financial records. One financial accounting method businesses use is the payroll journal entry. Payroll journal entries record ...

If you personally employ a nanny, housekeeper, gardener or maid, you may have to pay payroll taxes. Learn when you should pay, what you should withhold and what forms you need to use. Properly ...

If you paid Uncle Sam more than his fair share in payroll taxes in 2023, you may be owed a refund. In 2023, you would have paid a combined 7.65% in payroll taxes on all employment-based earnings up to ...

Only wages up to the wage base limit are subject to Social Security payroll taxes. The wage base limit will increase from $168,600 in 2024 to $176,100 in 2025. There are few social programs more ...