Posted By: Webmaster Social Security Payroll Tax Deferral - Fri 11 Sep 2020 02:56:PM
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
© AUS-CITY Message Forums