Workers Could Wait a Month for Payroll Tax Cut, If They Qualify

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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.

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Original Article Source Credits: BNN Bloomberg ,

Article Written By : Laura Davison

Original Article Posted on : Jul 22, 2020

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