2028 income tax payroll tax 
Withum
JULY 28, 2023
Enacted on July 21, 2023, New Jersey A4694 creates a “Convenience of Employer” rule, affecting both employers and employees for payroll tax reporting purposes. The grant applications must be filed on or before July 1, 2028. The ambiguity of the legislation may result in potential taxpayer disputes.
CPA Practice
MARCH 7, 2023
By Justin Sink and Josh Wingrove, Bloomberg News (TNS) President Joe Biden’s budget will propose hiking payroll taxes on Americans making over $400,000 per year and allowing the government new power to negotiate drug prices as part of an effort the White House says will extend the solvency of a key Medicare program for another quarter century.
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