Last Week in Payroll: Repaying Deferred Social Security Taxes
ThomsonReuters
JUNE 21, 2021
Repaying Deferred Social Security Taxes . In an attempt to provide relief to struggling employers during the coronavirus (COVID-19) pandemic, the Coronavirus Aid, Relief and Economic Security (CARES) Act included a provision that allowed employers to defer the payment of the employer’s share of Social Security tax from March 27, 2020 through December 31, 2020.
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