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rgb_jeri
Level 1

Social Security Tax defferral when will it go into effect in quick books payroll?

 
1 Comment 1
john-pero
Community Champion

Social Security Tax defferral when will it go into effect in quick books payroll?

When is anybody's guess. If you insist on taking ill-advised advantage of this voluntary at your own discretion as an employer program, I would suggest a temporary workaround.

 

Run payroll as normal with the employee SS being calculated AND deducted. Add an after tax payroll addition (similar to employee advance) equal to the 6.2% . You can make adjustments later.

 

Keep in mind that you as the employER are still ultimately LIABLE for submitting this deferral. Th eIRS even says so directly and as a matter of fact when it describes the "affected taxpayer" , which are employers, not employees.  

 

Meanwhile if you utilize Direct Deposit you have until 5:30 PM Pacific Time to upload your payroll for this Friday

 

 

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