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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 ...
CONNECTICUT — Employees in Connecticut will see a new payroll deduction starting Jan. 1 to help fund Connecticut's Paid Family Leave Program. The program will build up funds for a year and ...
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)
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.
This tax, known popularly as the "mobility tax", or the "MTA tax", is intended to provide funds for the Metropolitan Transportation Authority, which transports many of the region's commuters. Philadelphia has a 3.924% wage tax on residents and a 3.495% tax on non-residents for wages earned in the city as of August 2013.
The state Senate has passed legislation to derail the payroll tax put in place last year to rescue the Metropolitan Transportation Authority from a big budget deficit.
For example, if your wages are $50,000 for the year, you’ll see $3,825 taken out of your paycheck; but your employer will also pay an additional $3,825 to the government in payroll taxes on your ...
New York State Senator David Carlucci (D-New City) visited Adam Lipson at the office of his Pearl River business to discuss the benefit of the reduction in the MTA Payroll Tax. Ryan Buncher ...
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Nonprofits, Public Institutions: MTA Payroll Tax Reduction not Enough - Hauppauge, NY - Hauppauge public entities and nonprofits glad to see partial repeal of the MTA Payroll Tax, but hope...