On December 27, 2020 President Donald Trump signed the Consolidated Appropriations Act, 2021. Aside from the overall funding implications and averting a shutdown of the federal government, there are two provisions that will specifically apply to millions of Americans: a […]
The Payroll Tax Deferral is Ending – Are You Ready?
Millions of working Americans have had their payroll taxes deferred starting in September. This is going to end at the end of December (this month). The important thing for everyone is to recognize that this is a deferral, meaning you […]
What’s going on with the Social Security tax deferral?
On August 8, 2020, President Donald Trump issued a Memorandum to the Secretary of the Treasury with the subject of: Deferring Payroll Tax Obligations. This memorandum directed the Secretary of the Treasury to defer withholding Social Security payroll taxes from […]