Why So Many Employers Are Passing On Payroll Tax Cuts

Why So Many Employers Are Passing On Payroll Tax Cuts
AP Photo/Elise Amendola, File

I still don’t know whether or not I will have a “Payroll Tax Holiday” between now and the end of the year. Do you?

Employers, it turns out, have the option on whether to opt in or out of the program authorizing them to defer collecting Social Security tax on wages earned by qualifying workers between Sept. 1 and the end of this year.

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