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Deferment of Employer Payroll Tax Payments

posted May 1, 2020, 1:20 PM by Zaher Fallahi

Deferment of Employer Payroll Tax Payments

This provision allows employers and self-employed individuals to delay paying their share of the Social Security payroll tax (6.2% up to $137,700 for 2020) on their employees’ compensation between March 27, 2020 and December 31, 2020. It requires that the deferred employment tax be paid over the following two years, with 50% of the amount by December 31, 2021 and the other 50% by December 31, 2022.  Deferral of employment tax payments

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