In the News

Many Federal Employees Need to Pay Back Deferred Payroll Taxes Starting January 2021 - January 4, 2020
By Edward A. Zurndorfer, My Federal Retirement

In accordance with President Trump’s memorandum dated Aug. 8, 2020, Treasury Secretary Mnuchin directed that between Sept. 1, 2020 and Dec. 31, 2020, eligible federal employees will have the portion of their Social Security (FICA) payroll taxes (equal to 6.2 percent of the employee’s wages) deferred.

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