Taxes
REPAYMENT OF DEFERRED 2020 SOCIAL SECURITY TAXES
Social Security taxes that were deferred from federal employees' pay over the last third of 2020 will now be collected in installments between pay periods ending January 16 and December 4, 2021. For employees who separate or retire prior to the deferred 2020 Social Security tax being collected in full, the unpaid balance will either… Read More
DFAS NOTICE ON COLLECTION OF DEFERRED SOCIAL SECURITY TAXES
The following information related to collection of deferred Social Security taxes was released December 18 by DFAS. Please read below to find information about your situation and consult with a tax/finance professional if you need guidance on how this announcement will impact your pay. At the end of December, the 2020 Social Security tax deferral… Read More