Payroll Tax Deferral Starts Today

Author: External Author | | Categories: Accountant , Bookkeeping , Financial Planning , Payroll , Small Business Accounting , Tax Planning , Tax Resolution

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Trump’s payroll tax cut, which he issued through an executive memorandum, has important implications for your paycheck. Suspension of payroll taxes is one of Trump’s top priorities. When Congress did not include a payroll tax cut in a potential stimulus deal, Trump used executive action on August 8 to introduce a payroll tax holiday.

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Original Article Source Credits:  Forbes , https://www.forbes.com/ 

Article Written By:  Zack Friedman

Original Article Posted on:  September 1, 2020

Link to Original Article:  https://www.forbes.com/sites/zackfriedman/2020/08/31/payroll-tax-cut-trump/#2eae580b6e47



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