payroll tax holiday

Casual Dining Chains Still Feel the Pinch

The overall economy may be picking up, but restaurants are hurting. And it's the casual, or family-style chains – such as Red Lobster, Applebee's, and Bob Evans – that are feeling the most pain.

What Walmart's Outlook Says About the Whole U.S. Economy

Walmart on Thursday reported higher profits, but offered a weak forecast for the months ahead. The problem? The poor and middle-class Americans Walmart caters to -- and who are big drivers of U.S. spending -- are struggling with rising gas prices, delayed tax refunds and higher payroll taxes.

Walmart Blames Taxes for February Sales 'Disaster'

Walmart released its fourth-quarter results Thursday morning, reporting a mixed bag on earnings and sales. But the big story of the day was the retail giant's February sales "disaster," which it blamed largely on tax issues.

Walmart Internal Emails: Sales Figures a "Total Disaster"

Internal emails exchanged by Walmart executives discussing recent sales figures paint a grim picture of the situation at the world's largest retailer. Asks one executive: "Where are all the customers? And where's their money?"

Consumer Confidence Plunges as Payroll Tax Holiday Ends

U.S. consumer confidence plunged in January to its lowest level in more than a year, reflecting the cut to take-home pay nearly all working Americans were hit with after Washington allowed a temporary Social Security payroll tax holiday to expire.

New Taxes in 2013: What You'll Pay

Several new taxes in 2013 will raise tax bills for millions of Americans, and the groups that are the most affected by the changing of the calendar may surprise you. Here's a list of new taxes that took effect as of Jan. 1:

Despite Deal, Taxes to Rise for Most Americans

While the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013. That's because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring.

Fiscal Cliff Averted: Details of the Deal

An agreement was reached late Monday between the White House and Senate Minority Leader Mitch McConnell aimed at averting the fiscal cliff. Early Tuesday morning, the Senate passed the bill, and late Tuesday night, so did the House. Let's break down the key points of the deal.

The 9 Most Important Financial Stories of 2012

Sometimes the most important news stories get overshadowed by short-term crises and teakettle tempests. With that in mind, we at DailyFinance decided to take a look back at the nine stories of 2012 that are likely to have the biggest impact on your wallet in the year ahead.

Fiscal Cliff 'Cliffs Notes': How We Got to the Edge in 5 Easy Steps

Back in July 2011, President Obama and Congress set the country on autopilot toward economic Armageddon to give themselves an incentive to reach a budget deal. It didn't work. As we stare over the fiscal cliff, let's take a quick look back at the path we took to get here.

Fiscal Cliff Calculators: How Much More Will You Owe If We Fall Off?

As the fiscal cliff fight between President Obama and congressional Republicans grows more heated, it's starting to look as if we might fall over the cliff. But what would this mean for your 2013 budget? We've rounded up the best fiscal cliff calculators we could find to help you figure that out.

Fiscal Cliff Pop Quiz: Fun Facts from the Economic Apocalypse

On Jan. 1, 2013, the United States will fall over off the fiscal cliff -- unless Congress and the president ink a deal to avert the crisis. If you think you know all about the forthcoming economic apocalypse -- or if you're just wondering what all the fuss is about -- check out our quiz and see.

Counterpoint: Soften the Blow of Social Security's Fall

Thanks to the expiration of the temporary payroll tax cut at the end of this year, President Obama has a historic opportunity to shore up Social Security. The Motley Fool's Chuck Saletta explains how this tax hike could be the best thing for the country.

Goodbye, Payroll Tax Holiday; Hello, Tax Hike for the 47%

Even if you're part of the 47% who don't pay federal income taxes, you probably do pay payroll taxes. A few years ago, President Obama and his allies in Congress cut you a break to ease the pain of the recession: a 2 percentage point payroll tax holiday. Well, the holiday is over.

Fiscal Cliff Ahead: The Party's Over for the Payroll Tax Holiday

When pundits talk about the fiscal cliff, they7 usually focus on the damage that'll be caused by the expiring Bush tax cuts and the across-the-board budget cuts. But what you'll probably feel first will be the end of the payroll tax holiday, which will take an instant bite out of your paycheck.

What the 'Fiscal Cliff' Will Mean for You

The economy is rumbling along, out of control. Straight ahead, the road abruptly ends, yet the horses show no signs of slowing. Next stop: the fiscal cliff! Here's how the looming crisis will affect the average American family.

House Passes Payroll Tax Cut for Obama's Signature

The House has passed a two-month renewal of payroll tax cuts for 160 million workers and unemployment benefits for millions of jobless, giving President Barack Obama a resounding victory over Republicans who control the House. The Senate approved the bill earlier Friday.

House, Senate Show No Give in Payroll Tax Fight

House and Senate leaders traded demands Wednesday but remained mired in a bitter holiday-season stalemate that is threatening 160 million workers with Jan. 1 tax increases and millions of the long-term unemployed with an end to their benefits.

Withholding Your Taxes

Figure out the tax withholding status that makes sense for youOne of the keys to avoiding penalties or other nasty surprises come tax time is to make sure your withholding is correct. Withholding can sometimes...