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rsrice81hr
Level 1

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

 
6 Comments 6
katherinejoyceO
QuickBooks Team

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

Hi there, @rsrice81hr.

 

Thanks for visiting the Community. I understand you always want to comply with the new payroll tax deferral for employees per executive order. 

 

At the moment, we're still waiting for the SSA and the IRS to implement this. By then, QuickBooks will make sure to catch up and apply this change to our future updates.

 

Here's an article for additional insights: Notice 2020-65. It provides some needed guidance for employers wondering whether and how to comply with the employee payroll tax deferral. 

 

To get all the latest news and updates in QuickBooks, I'd recommend visiting our QuickBooks blog regularly. 

 

If you have other questions, just let me know. I'd be happy to help. 

sundogmedia
Level 2

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

President Trump's Executive Order says  that only the Employee portion of SS & Med are deferred and I want to give that to our employees but Quickbooks Payroll won't let me edit the Employee portion to -0-.  Please assist me with this.

What payroll taxes are able to be deferred?

  • The EO applies to the employee portion of Social Security payroll taxes (6.2%). Medicare payroll taxes and the employer portion of Social Security payroll taxes are not included in the EO.

 

 

https://gop-waysandmeans.house.gov/how-it-works-president-trumps-payroll-tax-deferral-executive-orde....

sundogmedia
Level 2

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

President Trump's Executive Order of August 2020 says 

What payroll taxes are able to be deferred?

  • The EO applies to the employee portion of Social Security payroll taxes (6.2%). Medicare payroll taxes and the employer portion of Social Security payroll taxes are not included in the EO.

However Quickbooks Payroll doesn't allow me to Zero out the employee portion due and when I select to make them Exempt, I can't add in the Employer Portion due

DivinaMercy_N
Moderator

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

Thanks for joining this thread, @sundogmedia 

 

Let me help you set up tax-exempt for your employees, please refer to the steps below:

 

For QuickBooks Online Payroll

 

  1. Select the Workers or Payroll menu, then click Employees.
  2. Look for the employee's name.
  3. Under Employee Details, hit the pencil icon beside Pay.
  4. Tick on the pencil icon under the question What are (employee's name) withholdings?
  5. Scroll down until you reach the Tax Exemptions section and click on the drop-down arrow.
  6. Choose the taxes the employees are exempt from. Click Done.

 

If you're using Intuit Online Payroll

 

  1. Navigate to Employees.
  2. Select the employee's name.
  3. In the Taxes & Exemptions box, click Edit.
  4. In the Exemptions, hit Edit.
  5. Choose the taxes the employee is exempt from.
  6. Click Save.

 

Here's the page that will give you details and visual reference about the process: Employee payroll tax exemption.

 

I’ve added this article in case you need info in determining which taxes an employee must pay according to their visa status: Exemption status of foreign employees with particular visa types.

 

Please know that you can return here if you have any further issues with running payroll. I'll be here to help. Take care always.

sundogmedia
Level 2

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

The employee is not tax exempt as they still owe Federal income tax as well as All State taxes. They are ONLY allowed Deferral of Social Security and Medicare Sept through Dec 2020.

 

Additionally, They are Not exempt so the Employer portion of the Social Security and Medicare are still due at this time.

 

I need to be able to change the portion of Employee Social Security and Medicare to zero through the end of 2020 and IF it is not forgiven then I need to be able to Increase what they or preferable we pay for them in 2021 when the repayment is supposed to be made.

Nick_M
QuickBooks Team

How can I edit the employee portion of social security to accommodate the President order of August 8, 2020?

Hi sundogmedia. 

 

Thanks for posting here. I understand how important it is to make sure your employees are set up correctly, here's a really helpful article you can check out, it goes into detail about the Employee Social Security deferral memorandum and also mentions the following:

 

We hope to provide an in-product solution to help you. Check back here for more information. Please do not add any new pay items to your payroll account for this purpose, as we would not be able to correctly defer the social security for your employees or provide the correct information on your payroll agency forms.

 

You can review the article here. If you have any other questions in the meantime, feel free to post here day or night. Thank you and have a nice evening.  

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