United States: Deferral of employment tax deposits and payments through December 31, 2020

Submitted by mmarquez on
URL
https://www.irs.gov/newsroom/deferral-of-employment-tax-deposits-and-payments-t…
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The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes.

measures summary

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes from March 27th to December 31st, 2020. Payments need to be made between January 2st and April 30th, 2021.

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United States
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Official / Corporate

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The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes from March 27th to December 31st, 2020.