Defers employee portion of social security tax Employees making less than $100,000 per year can elect the deferral Secretary of Treasury will explore avenues to forgive deferred taxes Link to Official Memorandum Link to IRS Notice 2020-65 Category: COVID-19 News / UpdatesBy adminAugust 18, 2020Leave a comment Author: admin https://payrollcity.com Post navigationPreviousPrevious post:Two-Trillion (HR-748 “Cares Act”)NextNext post:Programming InternRelated PostsTwo-Trillion (HR-748 “Cares Act”)March 18, 2020The Families First Corona Virus Response ActMarch 18, 2020