President Barack Obama signed the payroll tax cut extension into law on February 22, 2012. The “Middle Class Tax Relief and Job Creation Act of 2012,” extends the two percent payroll tax reduction until December 31, 2012 and guarantees up to 99 weeks of unemployment insurance benefits.
Recent Posts
- HR Compliance Update | July 7, 2025
- Understanding the New Federal Tax Law on Tips and Overtime: What Employers Need to Know and How to Prepare
- The Hidden Costs of Financial Stress in the Workplace—And How Earned Wage Access Helps
- Navigating Minimum Wage Complexity: Why Payroll Software & HR Support Matter
- Mastering Payroll Tax Filing Deadlines: A Checklist for Enterprise Companies