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  2. All the Numbers You Need To Know for Your 2020 Taxes - AOL

    There are seven tax brackets this year, the same as there were in 2020 when filing for tax year 2019. The single/joint 2020 tax brackets are: 12% for incomes over $9,875/$19,750

  3. What Is the Maximum Social Security Tax? - AOL

    For 2020, the maximum Social Security tax paid by an employee — not including Medicare taxes — is $8,537.40. Social Security taxes are contributed in equal amounts, with 6.2% of income paid by ...

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

    However, when double withholdings are taken out beginning in January, you'll be paying twice as much in Social Security tax. An employee who regularly makes $2,000 per paycheck after taxes may ...

  5. Dems say Trump's payroll tax break weakens Social Security

    Deferral of the 6.2% payroll tax on employees for the last three months of this year could mean that up to $100 billion in payments to the Social Security Trust Fund would be delayed, according to...

  6. Myths about quarterly taxes for the 1099 tax form -

    UPDATE: The Treasury recently announced tax changes and updates in response to COVID-19. Updates include an extension until July 15, 2020 for all taxpayers that have a filing or payment deadline ...

  7. Trump orders more unemployment pay, a payroll tax deferral

    Trump said the employee portion of the payroll tax would be deferred from Aug. 1 through the end of the year. The move would not directly aid unemployed workers, who do not pay the tax when they ...

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