If you're wondering why your paychecks are smaller, it has nothing to do with the fiscal cliff. According to a tax expert, your paycheck is lower because of a tax break that wasn't extended.
Carlene Shilling, Tax Partner at Eide Bailly, explains "your paycheck is lower, because Social Security tax increased by two percent, effective January 1 of 2013. Congress chose not to extend the provision that was enacted in 2010 that was effective for 2011 and 2012. So nobody had to do anything. The tax holiday was set to expire. Congress simply let it expire."
This means for each $1,000 you earn in gross pay, your paycheck will be $20 less.
Saturday, May 18 2013 7:01 PM EDT2013-05-18 23:01:07 GMT
A local health care provider says if you're a child and you have to be in the hospital, your stay should be as fun as possible. "Take a big breath. Go. Good job." They're any hospital's smallest
A local health care provider says if you're a child and you have to be in the hospital, your stay should be as fun as possible. "Take a big breath. Go. Good job." They're any hospital's smallest
Saturday, May 18 2013 6:56 PM EDT2013-05-18 22:56:53 GMT
Everyday, around the world, there's a horse race somewhere. Now, a few local bar owners bring the excitement of live betting and today's Preakness to town. Newly-installed kiosks allowed customers
Everyday, around the world, there's a horse race somewhere. Now, a few local bar owners bring the excitement of live betting and today's Preakness to town. Newly-installed kiosks allowed customers
Saturday, May 18 2013 4:11 PM EDT2013-05-18 20:11:54 GMT
Bismarck police ask for your help investigating the whereabouts of a missing person. According to the Bismarck police department, 18-year-old John Swain has not been heard from since last Saturday (May
According to the Bismarck police department, 18-year-old John Swain has not been heard from since last Saturday (May 11th).
Friday, May 17 2013 7:39 PM EDT2013-05-17 23:39:54 GMT
School is just about out for the summer in Bismarck, but construction will continue to be in full swing, building three new schools. Tonight we check in on each school, to see how the progress is coming
School is just about out for the summer in Bismarck, but construction will continue to be in full swing, building three new schools.
Friday, May 17 2013 6:38 PM EDT2013-05-17 22:38:18 GMT
A full-blown construction boom is underway in Dickinson -- in this week's "Around Town." All the way from Newport News, Virginia, comes Ferguson -- a wholesale plumbing and HVAC supplier serving construction
A full-blown construction boom is underway in Dickinson -- in this week's "Around Town." All the way from Newport News, Virginia, comes Ferguson -- a wholesale plumbing and HVAC supplier serving construction
Just weeks after a tense border standoff, China's new premier headed to India on Sunday for his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and...
Just weeks after a tense border standoff, China's new premier visited India on Sunday on his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and boost...
German Chancellor Angela Merkel, mindful of the weight of Christian voters in September elections, has discussed with Pope Francis how Europe's economy should better serve people.
Pope Francis lamented that investment losses by banks trigger more alarm in the economic crisis than the struggle of people to feed their families, as he led a huge rally Saturday to invigorate the church's moral...
A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.
A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in...
Despite Democratic fears, predictions of the demise of President Barack Obama's agenda appear exaggerated after a week of cascading controversies, political triage by the administration and party leaders in Congress and...
Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of...
Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a...
Just weeks after a tense border standoff, China's new premier headed to India on Sunday for his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and...
Just weeks after a tense border standoff, China's new premier visited India on Sunday on his first foreign trip as the neighboring giants look to speed up efforts to settle a decades-old boundary dispute and boost...
Syrian activists say government airstrikes and heavy shelling of a strategic town near the Lebanese border have killed at least 16 people, including rebel fighters.
The Syrian military on Sunday launched an offensive to retake a strategic rebel-held town near the Lebanese border, a government official said, as activists reported that regime airstrikes and shelling of the town have...
President Barack Obama is delivering the commencement address at Morehouse College, the historically black, all-male institution that counts Martin Luther King Jr. among its alumni.
President Barack Obama is delivering the commencement address at Morehouse College, the historically black, all-male institution that counts Martin Luther King Jr. among its alumni.
First lady Michelle Obama has some advice for some Tennessee high school graduates: strike your own path in college and life and work to overcome inevitable failures with determination and grit.
First lady Michelle Obama has some advice for some Tennessee high school graduates: Strike your own path in college and life and work to overcome inevitable failures with determination and grit.
Syrian activists say that a wave of tit-for-tat kidnappings between rival Islamic militant groups in the northern city of Aleppo risks sparking large-scale internal fighting between rebels.
Syrian President Bashar Assad said in a newspaper interview Saturday he won't step down before elections and that the United States has no right to interfere in his country's politics, raising new doubts about a...
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David Ortiz homered twice and drove in six runs to torment his former team once again, leading the Boston Red Sox to a 12-5 victory at the Minnesota Twins last night. Scott Diamond gave up six runs on eight hits and walked...
A man who was arrested for burglary after he became trapped in the ventilation system in a Bismarck bar has been sentenced to more than a year in prison.
A man who was arrested for burglary after he became trapped in the ventilation system in a Bismarck bar has been sentenced to more than a year in prison.
Evangelist Franklin Graham prayed on a sidewalk outside the Pentagon Thursday after his invitation to a prayer service inside was withdrawn because of comments that insulted people of other religions. More>>