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The Paycheck Protection Program (PPP) is a $953-billion business loan program in the U.S. to help certain entities pay their workers during the COVID-19 pandemic. The loan may be partially or fully forgiven if the entity maintains its employee counts and wages, and the program was implemented by the Small Business Administration.
The Middle Class Tax Relief and Job Creation Act of 2012 (Pub. L. Tooltip Public Law (United States) 112–96 (text), H.R. 3630, 126 Stat. 156, enacted February 22, 2012), also known as the "payroll tax cut", was an Act of the United States Congress.
FICA is a federal tax that employees and employers pay to fund benefits for retirees, people with disabilities, and children of deceased workers. FICA consists of two parts: OASDI for Social Security and HI for Medicare. Learn how FICA is calculated, who pays it, and how it differs from income tax.
CHICAGO (Reuters) -American Airlines is beginning the phased return of furloughed workers after the U.S. Congress passed a pandemic aid package with $15 billion in payroll support for airlines ...
A flexible spending account (FSA) is a tax-advantaged financial account that can be used to pay for medical, dependent care, or other expenses. One example of a flexible spending account is a health FSA, which covers medical and dental costs not paid by insurance.
The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Pub. L. Tooltip Public Law (United States) 111–312 (text), H.R. 4853, 124 Stat. 3296, enacted December 17, 2010), also known as the 2010 Tax Relief Act, was passed by the United States Congress on December 16, 2010, and signed into law by President Barack Obama on December 17, 2010.
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Learn about the history, structure, and eligibility of unemployment insurance programs in the U.S., which provide social insurance benefits to workers who lose their jobs through no fault of their own. Find out how unemployment insurance is funded by payroll taxes, administered by state governments, and taxed as income.