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Through executive order, the Trump Administration is cancelling the payroll tax for certain working people starting September 1, 2020.... but is this a payroll tax cancellation?? * * * ABSOLUTELY NOT! This move from the administration is not a tax cut, but a deferment. This executive decision would defer all payroll tax for people who make LESS than $4000 (gross) per 2 week pay period. What does that mean for you? You’ll see more money in your check from September 2020 - December 2020. But there’s a massive downside that you need to know... * * * In the first 4 months of 2021, your employer WILL have to pay have to pay that payroll tax back using your check. What does that mean? You’ll potentially be paying DOUBLE payroll tax from January 2021 - April 2021 to cover the cost. So what should you do? Plan ahead and start putting any extra money you earn in a savings account and do not touch it because when your checks get slim in 2021, you’ll wish you had. * * * If this executive decision holds up, there could be a chance for CONGRESS to forgive the unpaid payroll tax during this deferment, but since it isn’t a guarantee... do not plan to receive that gift. - @kickstart_law_llc on Instagram


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Are your finances COVID ready?! I’ve been spending time with clients and walking them through key fundamentals to be aware of during this pandemic. If you believe the below for you needs some tweaking then message me now before you forget: Cash is KING again (6 to 8 months in reserve) * Extension on servicing all DEBTS if possible * ReEvaluate Investment Contributions * Leverage Tax Strategies #finance #debt #dmv #COVID #liftblackvoices #credit #budget - @financeguyx on Instagram

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Don’t be fooled by this common TAX MYTH . Unfortunately, you can’t dodge your income taxes by using your 401K funds to pay off your mortgage . Contact us by commenting or messaging TODAY, and we will be happy to teach you the ins and outs of your 401K.⠀ ⠀ #tax #cpa #taxmyths #401k #taxtime #incometax #taxdeductions - @naoulolaw on Instagram

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Repeat after us - working class immigrants aren’t ruining our lives. Greedy landlords, property developers and Tory housing ministers are. #UKHousingCrisis - @thtcclothing on Instagram

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2020: Imagine paying 1957 minimum wage to protect properties paying taxes set by Prop 13 in 1978. Climate change is a time machine. May all beings find safety and shelter and may all frontline workers be protected, and let us all hope that after this we reimagine and implement real solutions to combat climate change and the danger of wildfires and continue to dismantle the injustices of mass incarceration. - @engvinny on Instagram

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Many people always ask me: „How do you make Money fast?“ „How can I earn thousands of dollars very easily?“ And the simple answer is: „You don’t“ There is no way to make money easy and fast. To make money you need to work, you need to be clever, you need to be talented, you need to have an idea of what you are doing.. Never give up, there is always a way to success. You just need to find you own way! - @good.life.investments on Instagram

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