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PAYROLL TAX
- Social Security could have lasted until 2059, so where did $10.8 trillion go? AARP reveals the income shift behind its 2034 funding crisisSocial Security's funding crisis may have arrived decades earlier because a smaller share of American income is subject to payroll taxes. A...
Two major Social Security changes are coming in 2027: Retirees get a 3.6% raise, but some workers will pay $484 more in taxes — who will be affected?Social Security 2027 changes: Social Security checks will rise 3.6% in 2027. The average retired worker will get $2,170 a month, up $75 fro...- Rippling steps up AI hiring in India, looks to expand enterprise pushThe firm is hiring principal engineers, senior staff engineers and senior directors among others as the lab focuses on developing core comp...
- Your Social Security check faces a 22% cut risk: The funding shortfall that could cost retirees $2,700 a yearSocial Security’s 2032 warning: Millions of retirees could receive smaller monthly checks if the retirement trust fund runs out of reserves...
- Indian parents getting US residency? 6 financial implications to consider before applyingInvestments in bank accounts, mutual funds, shares and other assets will have to be reviewed and modified. It is illegal under India’s FEMA...
- Social Security benefits cut: One move can prevent beneficiaries losing out 22 per cent, here are detailsUS lawmakers will need to ensure that Social Security benefits and the annual cost-of-living adjustment (CoLA) should not be curtailed.
- Social Security benefits at risk in 2032: Will 35 new Senators prevent a 22% cut?Social Security benefit cuts 2032: Social Security faces a potential 22% benefit cut in 2032 as its retirement trust fund is projected to r...
- Voters demanded economic relief. Trump and Democrats face tough choices on how to deliverVoters have conveyed a clear message about the necessity of addressing inflation and economic issues. Both parties are preparing to respond...
- Dollar jumps after strong US payrolls reportThe US dollar index jumped significantly following the Labor Department's report indicating an increase of 165,000 jobs last month, which f...
- Social Security payroll tax cap rises to $192,300 in 2027: How much more will high earners pay from their paychecks, who will be affected, and what does it mean for your take-home pay?Social Security taxes will take a bigger bite out of some high earners' paychecks in 2027. The taxable income limit is rising to $192,300 f...
- US employers added a surprising 165,000 jobs in October; unemployment rate dipped to 4.1%US employers added 165,000 jobs last month, surpassing economists' expectations and bringing the unemployment rate down to 4.1%. The Labor ...
- Who is Marisela Nuno? California woman, 53, charged with wire fraud and money laundering in $18 million COVID relief caseIn a startling development, Marisela Nuno of Los Angeles has been indicted for allegedly frauding federal programs out of $18 million. She ...
- D-Street poised for a gap-up start as GIFT Nifty trades firmly higherIndian equity benchmarks experienced gains as they extended their winning streak to five consecutive sessions. The Nifty 50 increased by 15...
- FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...
- Social Security benefits warning: Will retirees lose $500 a month when the retirement trust fund runs out in 2032? What the latest forecast means for your monthly checksThe Social Security retirement fund is projected to exhaust its reserves by the end of 2032 without any legislative intervention. If change...
- Law firms draft special teams to help GCCs navigate India terrainMultinational companies expanding their global capability centres in India may face multiple regulatory and operational challenges going fo...
- Odoo 20 strengthens business operations with deeper India-specific compliance featuresOdoo 20 has launched several updates designed specifically for Indian businesses. These updates focus on enhancing GST compliance, payroll ...
- Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...
- UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...
- Social Security gets a 3.6% raise in 2027, but a 22% cut looms by 2032: Could a 40% payroll tax hike make Millennials and Gen Z pay more?Your Social Security payment will rise 3.6% in January 2027, about $75 more a month on average. But the bigger story is 2032, when the reti...
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