Federal Government Extends Payroll Tax Reduction Through 2/29/2012
Congress has agreed to extend the Temporary Payroll Tax Cut Continuation Act of 2011 through February 29, 2012. This extension continues to reduce every employee’s Social Security withholding for employees from 6.2% to 4.2%. As has been the case since the enactment of the tax cut, the employer rate remains unchanged at 6.2%. Both […]
