Payroll Tax Deferral

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Created on Monday, 31 August 2020 20:53

Many of you have asked, and some direction has been given pertaining to Trump’s payroll tax deferral program.  Take a few minutes and read the following articles.  And, before you move forward with this, please consult with your accountant and/or CPA.

https://www.nytimes.com/2020/08/28/us/politics/trump-tax-holiday-bill-due.html

https://www.forbes.com/sites/shaharziv/2020/08/28/treasury-finally-issues-guidance-on-trumps-payroll-tax-deferral-holiday-effect-social-security-defund-unclearmemo/

https://www.cnn.com/2020/08/29/economy/trump-treasury-new-guidance-tax-holiday/index.html

https://www.foxbusiness.com/money/what-does-trumps-payroll-tax-deferral-mean-for-you

Have a great week!