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Insights Employment Tax

Treasury Releases Guidance Implementing Executive Action on Employment Tax Deferral

September 3, 2020 Employment Tax

On Friday, August 28, the Treasury Department (“Treasury”) released guidance implementing President Trump’s executive directive to defer the employee portion of social security tax.  As part of the continued response to the COVID-19 pandemic, Notice 2020-65 allows employers to make this deferral during the period of September 1, 2020, through…