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Employees will have 0.5 percent deducted from their wages, up to the federal Social Security wage maximum, which is $142,800 for 2021. That equates to $250 yearly for someone making a $50,000...
Connecticut's Paid Family Leave program is entirely employee-funded through a payroll deduction of 0.5 percent, which began on Jan. 1, 2021. (Shutterstock)
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132 (a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income ...
On February 1, 2023, as part of her Executive Budget proposal to the New York State Legislature, Governor Kathy Hochul proposed raising the MTA payroll tax, a move projected to increase revenue by $800 million, and also giving the MTA some of the money from casinos expected at present to be licensed soon for business in Manhattan.
In April 2021, the agency placed an RFP for forty-five new forty-foot battery-electric buses. Later in 2021, the MTA awarded New Flyer the contract for the electric bus order, set to arrive in late 2022 and 2023. 15 more buses were added to the originally 45 bus contract, making for a total of 60 buses allotted for MTA NYCT.
Employees will have 0.5 percent deducted from their wages, up to the federal Social Security wage maximum, which is $142,800 for 2021. That equates to $250 yearly for someone making a $50,000...