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Start: 2025-01-02T18:30:00-05:00
End: 2025-01-02T20:30:00-05:00
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News

Employers are supposed to stop withholding the payroll tax on Sept. 1. But companies need guidance from the IRS on exactly who is eligible to have their taxes suspended and how to keep track so those taxes can eventually be repaid.

Payroll Tax Delay To Boost Take-Home Pay, But Don’t Spend It Yet

By: Scott Horsley | NPR
Posted on: Wednesday, August 12, 2020

President Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers’ paychecks. But the move is temporary, and could spark headaches in 2021.

Coronavirus COVID-19 Payroll Tax President Trump