On August 8, 2020, President Donald Trump issued a memorandum directing the Treasury Secretary to defer the collection of the employee portion of Social Security taxes (listed as “OASDI” on the paystub) but left many questions on the details on implementing this deferral unanswered.  The Memorandum directed the Department of Treasury to issue guidance that would allow employers to defer the withholding and payment of the employee portion of Social Security taxes.

Jason Resnick

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Human Resources

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