Share 'How The Fiscal Cliff Bill Affects Payroll Tax Withholding and Employee Benefits'
On January 1, Congress passed the American Taxpayer Relief Act of 2012 and prevented the U.S. from going over the impending “fiscal cliff”.
Outlined below are the key ways in which the bill affects HR professionals and employers. Broadly speaking, the legislation:
Doesn’t include an extension of the 2% payroll tax cut
Permanently extends employer-provided education assistance
Extends the in…
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