Your Paycheck May Look At Bit Slimmer, Here’s Why.
We were worried about the Fiscal cliff at the beginning of the year and lawmakers managed to stop that from happening, however they didn’t manage to catch everything.
A recession time tax reduction on Social Security expired at the beginning of the year. The original amount of 6.2 was lessened to 4.2 to help American during a rough economy. Now the orginal amount is back and 2 percent more money will be taken out of your take home pay to put into Social Security.
