Obama: Social Security Checks Will Stop When Debt Ceiling Is Reached. WASHINGTON -- President Barack Obama said Thursday that while it's bad members of Congress have allowed a government shutdown, it would be worse if they failed to increase the government's borrowing authority later this month.
Respite Care. Respite Care is short term care, usually only a few days at a time, provided for children who have significant needs. These may include developmental delays, mental health or behavioral issues, and special health care needs. Respite Care provides a needed break to parents and care givers. Payment for Respite Care is considered taxable income.
However, these 2 percent owners can take a corresponding above-the-line deduction for the cost of their HSA contributions on their personal tax return. These fringe benefits are subject to FICA, FUTA, FITW, and SITW. All group-term life insurance coverage is treated as taxable, not just coverage in excess of $50,000. The cost of the insurance coverage (i.e., the greater of the cost of the premiums or the Table I rates) is subject to the withholding of FICA taxes only.