Employee Social Security Tax Deferral Executive Order Guidance

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  Guidance on Payroll Tax Deferral Program August 8, 2020, President Trump issued an executive memorandum allowing for the deferral of the withholding and employer remittance of the employee share of Social Security tax (6.2% of wages) effective September 1 through December 31, 2020. The deferral is calculated each payroll period and is only available…