Monday 08/31/2020
Payroll Tax Deferral Considerations
On August 8, 2020, President Trump signed an executive memorandum calling for a payroll tax holiday for Americans making less than $104,000. This results in a deferral of the employee portion of the social security taxes owed between September 1, 2020, and December 31, 2020. On Friday, August 28, the IRS released further guidance. When weighing […]
