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Paying Back the Payroll Tax Deferrals

Payments have come due now on the deferral of Social Security payroll taxes due to the pandemic in 2020.  This article in Fedweek covers how the government will seek to collect the 6.2% from federal employees that went unpaid for many weeks.  In short, the government’s largest payroll processor has said that it will collect debts to Social Security over 24 pay periods—starting with the one that began Sunday (January 3) and ending with the one that ends December 4.  Full article here.

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