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Delay of Employer Payroll Taxes

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. Delay of Payment of Employer Payroll Taxes

  • Corporations may postpone employer payroll taxes (Sections 3111(a), 3211(a), and 3221(a)).
  • 50 percent of social security taxes for the self-employed may be postponed.
  • 50 percent of deferred taxes are due by December 31, 2021; the remainder due by December 31, 2022.

The Social Security trust funds are held harmless under this provision