Freedom Debt Relief reports that severance pay is taxable as ordinary income, affecting your tax bracket and obligations. Employers may withhold varying amounts based on payment structure.

With a payroll deduction plan, employers withhold money from an employee's paycheck, most commonly for employee benefits and taxes. It can be voluntary or involuntary.

The OASDI tax funds Social Security. It stands for Old-Age, Survivor and Disability Insurance. It’s better known as the Social Security Tax, and is one of the two FICA (Federal Insurance Contributions ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

If you’re making money, chances are you’ll have to pay taxes on it. In fact, Uncle Sam takes a decent-sized chunk of your paycheck before it even hits your bank account. Before you sign a lease or ...

On July 4, 2025, President Trump signed the One Big Beautiful Bill Act, a comprehensive tax and policy reform law that has dramatic implications for how U.S. employers handle payroll, benefits, ...

Federal employees would see a 1% pay increase with locality pay frozen in 2026 under an alternative pay plan issued by President Trump to Congress on Friday, while certain federal law enforcement ...

Serious credit-card and auto-loan delinquencies have climbed to 2008-09 recession levels. The housing market shows cracks while the labor market is weakening. You wouldn’t know it from the buoyant ...

The count of payroll jobs is likely to be 911,000 lower than previously thought after revisions are made, the Bureau of Labor Statistics said Tuesday. The agency, which has been under fire from ...

Jonathan Ponciano is a financial journalist with nearly a decade of experience covering markets, technology, and entrepreneurship. shapecharge / Getty Images You’ve spent decades building your nest ...

A federal jury ordered Google to pay $425.7 million for invading users' privacy by collecting data over an eight-year period on millions of people who had turned off a tracking feature in their Google ...

When applying for a loan or renting a home, the most important factor for lenders and landlords is financial stability. Both want assurance that an applicant can reliably make payments on time. One of ...