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U.S. IRS Issues Notice on Payments of Deferred Social Security Taxes

|Approved Changes|United States
United States

The U.S. IRS has announced the issuance of Notice 2021-11 concerning the payment of deferred social security taxes in response to COVID-19, which can be paid through 2021 instead of just the first four months.

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Employers can withhold, make payments of deferred Social Security taxes from 2020

WASHINGTON — The Internal Revenue Service today released Notice 2021-11 addressing how employers who elected to defer certain employees' taxes can withhold and pay the deferred taxes throughout 2…

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