What if our employees do not want to defer their Social Security taxes until next year?

Hey there, roseburgstc.

Federal Form 941 and Form W2 reporting changes will also be needed to correctly report deferral amounts Therefor, at this time, we ask that you hold tight as the US Treasury is working on issuing guidance surrounding the implementation of the deferral and we will continue to keep you up to date with the latest information. Regarding if you want to defer or not. In the meantime, check out the latest payroll news and updates.

If you have any other questions or concerns, feel free to post down below. Thank you for your time and have a nice afternoon. 

That didn't answer the question on do we have to defer the social security taxes if the employees would rather continue paying them.

Hello there, roseburgstc.

The deferral of Social Security taxes is only applicable for the employers. QuickBooks will still calculate the taxes for the employees contributions. You can browse these links to know more about the deferral of Social Security taxes:

• Track your deferral payments for Social Security tax payments
• Stop or defer payroll tax payments

To ensure that we are inline with the IRS guidelines, I'd recommend reaching out to the IRS support or to your accountant. They know what's best for you and your books.

Once they've verified your scenario, they can give you additional options to get through with this.

You can get back to us if you need assistance regarding their suggestions. We'll be right here to further help you. Have a great day!