Workers Could Wait a Month for Payroll Tax Cut, If They Qualify
It would take employers and the Internal Revenue Service until at least Sept. 1 to implement a payroll tax change if Congress were to include it in a stimulus bill passed in early August, said Pete Isberg, a vice president at payroll processor at Automatic Data Processing Inc.Trump has made the payroll tax cut a priority in negotiations with Republicans and Democrats on another virus relief package as the previous round of stimulus begins running out and a still-raging pandemic squeezes the economy.
Original Article Source Credits: BNN Bloomberg , https://www.bnnbloomberg.ca/
Article Written By : Laura Davison
Original Article Posted on : Jul 22, 2020
Link to Original Article: https://www.bnnbloomberg.ca/workers-could-wait-a-month-for-payroll-tax-cut-if-they-qualify-1.1469253