Payroll Tax

(Photo by Tim Boyle/Getty Images)

Expiring Payroll Tax Cut Means Your Taxes Will Go Up In 2013

With the fiscal cliff averted, many people making less than $400,000 and couples making less than $450,000 thought their taxes wouldn’t be going up. That’s not entirely true.


WASHINGTON, DC - DECEMBER 22: Speaker of the House John Boehner (R-OH) hods a news conference to announce that he and Senate Majority Leader Harry Reid (D-NV) had negotiated deal on the payroll tax cut that was set to expire at the end of the year at the U.S. Capitol December 22, 2011 in Washington, DC. Earlier in the day, Senate Minority Leader Mitch McConnell (R-KY) said the House Republicans should accept the Senate's version of a two-month extension of the tax cut. (Photo by Chip Somodevilla/Getty Images)

GOP House Leaders Accept Senate Terms For Payroll Tax Cut

Their isolation complete, House Republicans on Thursday caved to demands for a short-term renewal of payroll tax cuts for all workers.