New Executive Order provides Payroll Tax Deferral for Certain Workers – What does this mean for you? – *UPDATED* for IRS Notice 2020-65
New Executive Order provides Payroll Tax Deferral for Certain Workers – What does this mean for you? – *UPDATED* for IRS Notice 2020-65 In response to stalled negotiations between the House and Senate on the next round of legislative coronavirus relief, President Trump issued four Executive Orders seeking to reignite negotiations and provide some immediate […]
What You Need to Know About the Payroll Tax Holiday
In August, Donald Trump signed an executive order allowing for a temporary payroll tax deferral. Ultimately, it allows for employees who earn less than $104,000 per year to defer their payroll taxes until April of next year.