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Thursday, 10 September 2020

What to Do if You Can’t Opt Out of This Year's Payroll Tax Deferral

Last month, Trump announced a new payroll tax deferral that puts a temporary pause on part of the taxes employees pay. The controversial order started on September 1 and says companies may stop collecting the 6.2% tax employees pay for Social Security. While many companies have already opted out, some employees don’t…

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