Federal Payroll Tax

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Federal Payroll Tax

President Donald Trump signed an executive order on August 8, 2020, deferring federal payroll taxes paid by employers and employees through December 31, 2020. This defers the due date of the taxes and applies to works whose wages are less than $4,000 on a biweekly basis or about $100,000 a year.

 

More information is forthcoming.