MILSPOUSE BLOG

Asian couple discusses payroll tax deferral

What You Need to Know About the Payroll Tax Deferral

September 22, 2020

Payroll Tax Deferral Military spouses, have you heard? To help provide relief during the COVID-19 pandemic, the Presidential Memorandum issued on August 8, 2020 temporarily defers Social Security — Old Age, Survivors, and Disability Insurance (OASDI) — tax withholdings for some Service members. This is known as the payroll tax deferral. What Does This Mean…

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