Payroll Tax Deferral Starts This Month. What you Need To Know!


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A payroll tax deferral is in effect until the end of the year, but if you want to avoid a potential tax bill, there are steps you can take now.

Starting Sept. 1, you may have received a raise, and didn't realize it. Through the end of the year, the federal government isn't collecting 6.2 percent of your salary.

"Money's been tight for a lot of families, and that extra six percent will give them that ability to save and maybe put their kids in college," Katy resident Charlene Wilson said. Read more here>>>https://6abc.com/finance/what-to-do-if-you-want-to-opt-out-of-the-payroll-tax-deferral/6399819/

Source: 6 abc

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