During the fall of 2020, the United States federal government allowed a deferral of payroll taxes (Social Security taxes) from paychecks from September 2020 through December 2020. If you had payroll taxes deferred during these months, you’ve likely been paying […]
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 […]