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Payroll tax holiday

COVID-19

Does Trump's payroll tax deferral mean save now, pay later?

by Kimberly Adams
Aug 31, 2020
While the federal government will take the temporary payroll tax break, some employers will skip it.
Treasury Secretary Steven Mnuchin speaks as President Donald Trump looks on during a press conference. The Treasury Department Friday released guidance on the payroll tax deferral.
Drew Angerer/Getty Images
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COVID-19

Payroll tax cut could mean Social Security benefits run out sooner

by David Brancaccio , Chris Farrell and Erika Soderstrom
Aug 26, 2020
A lot of older Americans rely on Social Security benefits to pay their bills.
William Thomas Cain/Getty Images
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COVID-19

Trump's payroll tax holiday sows confusion

by Mitchell Hartman
Aug 10, 2020
President Trump has ordered Treasury to stop collecting the employee portion of payroll taxes for some workers through the end of 2020.
President Donald Trump signs an executive order and three memorandums extending coronavirus economic relief on Aug. 8. How the payroll tax holiday would benefit Americans remains unclear.
Jim Watson/AFP via Getty Images
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