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Federal Employees Will Have Payroll Taxes Deferred in Next Paychecks, Processor Says
Government Executive: The government will begin deferring withholding payroll taxes for federal employees to fulfill a memorandum President Trump issued earlier this month, according to a notice from one of its payroll processors.
Trump issued his presidential memorandum to defer the taxes from Sept. 1 through the end of the year, citing the need to put more money in the pockets of American workers as the novel coronavirus pandemic continues to wreak havoc on the U.S. economy. It has remained unclear what impact the memo would have, as business associations across the country have repeatedly made clear they would not implement it.
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