On: September 02, 2020 | By:
The onus to collect and pay back deferred payroll taxes, under guidance the IRS has released on President Trump's executive order, falls on employers.
Trump signed the order last month after Congress failed to agree on extending COVD-19-related stimulus benefits. It directs participating employers not to withhold the 6.2% payroll tax that employees owe each pay period to cover their portion of Social Security taxes.
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