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Tag: Social Security Payroll Tax Deferral

Military, civilians to repay tax deferments through December 2021
December 30, 2020
The Defense Finance and Accounting Service is planning to extend payroll collections for military members and Department of Defense civilians through December 2021 to reimburse a tax deferment designed to support personnel during the COVID-19 pandemic, officials said.

DOD educates military service members, civilian employees on Social Security Payroll Tax Deferral
September 11, 2020
In order to provide relief during the COVID-19 pandemic, a Presidential Memorandum was issued Aug. 8, 2020, followed by Internal Revenue Service guidance issued Aug. 28, 2020, to temporarily defer the withholding of Social Security taxes for certain individuals beginning Sept. 1 through Dec. 31, 2020.