Social Security Payroll Tax Deferral

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Social Security Payroll Tax Deferral #579543 Fri 11 Sep 2020 02:56:PM
Joined: Feb 2001 Posts: 678,977 Los Angeles, USA Webmaster Launch Director
Webmaster Launch Director Joined: Feb 2001 Posts: 678,977 Los Angeles, USA	A Presidential Memorandum to temporarily defer Social Security Old Age, Survivors, and Disability Insurance tax withholdings was issued on August 8 with following guidance from the Internal Revenue Service on August 28. This tax deferment is designed to provide relief during the COVID-19 pandemic. What this means: the Social Security tax, listed on the Leave and Earnings Statement of military personnel and civilian employees, will not be paid to the government for the rest of this year... Source: Social Security Payroll Tax Deferral