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 | Budgeting | Government
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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...

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