Employee Social Security Tax Deferral Guidance Too Little, Too Late

A deep dive into IRS guidance on suspending employees Social Security payroll taxes through the end of 2020. Because employers remain liable for the 2020 non-withheld payroll taxes, many will choose not to implement the deferral. Others

will want to increase workers’ paychecks for the remainder of 2020 while banking on legislation to forgive the amount deferred.

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