New tax deferral: save $$$ now, pay more later?

Trump's order started yesterday. Here's how it'll affect your wallet.

Sep 02, 2020 | Editorial | Taxes | The economy | Politics
Article headline image

The Payroll Trap (dir. Finance-y Meyers, 1998)

Payroll tax deferral becomes official

Perhaps overshadowed by executive actions on unemployment benefits and student loans early in August, President Trump's order on payroll taxes is finally going into effect. As of September 1, employees can now defer their payroll taxes through the end of the year. But with this new option comes questions...

Get this story
and much more

Download the app and join Genius for unlimited access to The Post. Enjoy this article plus all the features Genius offers.



Bank. Save. Invest.