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  2. Post-tax deductions, on the other hand, are payroll deductions taken from an employee’s check after taxes have already been withheld. Post-tax deductions do not reduce your tax liability. Many of...

  3. 10 Common Tax Deductions You Shouldn’t Miss - AOL

    www.aol.com/10-common-tax-deductions-shouldn...

    These include “ordinary and necessary” business expenses, such as rent, advertising, employee payroll, and office supplies. You may also take deductions for education costs for brushing up on...

  4. The 10 Most Overlooked Tax Deductions - AOL

    www.aol.com/10-most-overlooked-tax-deductions...

    Here are our 10 most overlooked tax deductions. Claim them if you deserve them, and keep more money in your pocket. 1. State sales taxes. This write-off makes sense primarily for those who live in ...

  5. What does the payroll tax deferral mean for your paycheck?

    www.aol.com/2020-09-11-what-does-the-payroll-tax...

    Since the Social Security tax is 6.2% of your paycheck, that means you'll see an increase in pay of 6.2%. An employee who regularly makes $2,000 per paycheck after taxes can expect to make...

  6. Self-Employment Tax Deductions - AOL

    www.aol.com/self-employment-tax-deductions...

    For tax year 2020, the Social Security portion of the self-employment tax is 12.4% of the total 15.3 percent self-employment tax rate, and the other 2.9% is for Medicare taxes. More From ...

  7. Do You Know What’s Being Deducted From Your Paycheck? - AOL

    www.aol.com/know-being-deducted-paycheck...

    Your employer also withholds Social Security and Medicare taxes, known as FICA payroll taxes. Generally, 6.2% of your income is taken out for Social Security taxes and 1.45% is taken out for...

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