KEY TAKEAWAYS The 'Big, Beautiful Bill' increases some major tax deductions for the 2025 tax year, but also ends other credits.The bill raises the standard deduction by $750 to $1,125 for taxpayers ...

Current employees who are already enrolled may continue to use payroll deduction for on-campus dining, vending machines, on-campus bookstore purchases, and other miscellaneous charges through the end ...

Midrange earners stand to see meaningful savings, too. A warehouse supervisor earning $60,000 with $10,000 in overtime could shave a couple thousand dollars off their federal tax bill. A hotel ...

In the classic Schoolhouse Rock song “I’m Just a Bill,” the bill laments the prospect of waiting with other bills, hoping to ...

Deductions Processing A number of deductions affect employees' paychecks. The checklist should list statutory deductions and voluntary deductions to look for when processing the payroll.

Employers often outsource their payroll and related tax duties to third-party payers such as payroll service providers (PSP) and reporting agents (RA). Third-party payers can help employers assure ...

In Our View Editorial: What good is that new payroll deduction? Along with a modest benefit for long-term care needs, it should prompt family discussions and planning. Saturday, June 10, 2023 1 ...

Understanding your paycheck is crucial for effective financial planning. By grasping the difference between gross and net income, recognizing common deductions, and utilizing payroll simulators, you ...

The Payroll Department, if requested by the employee, can also issue a Statement of Corrected Income which details the amount repaid by the employee and the year repaid. The employee can use this ...

Westfield plans to conduct a payroll audit going back 17 years after officials recently discovered a firefighter had experienced incorrect payroll deductions since 2009.

The 0.58% payroll deduction will fund the state’s first-in-the-nation long-term care insurance program, which will provide a lifetime benefit of up to $36,500 to people who need help with daily ...