How Do I Receive Employer Social Security Tax Deferrals?
Background
The CARES Act allows employers to defer the deposit and payment of the employer’s portion of their Social Security taxes for payments that are due beginning March 27, 2020 through December 21, 2020. The deferred Social Security tax payments are due December 31, 2021 (50% of the deferred amount) and December 31, 2022 (remaining amount). For more details, see the IRS page on this topic.
The Social Security tax deferral is not a payroll tax credit. Instead, it’s a benefit under the CARES Act offered in addition to the Employee Retention Credit and the FFCRA tax credit. See our blog article Coronavirus Payroll Tax Credits for more information.
How to Request Social Security Tax Deferrals in Patriot
Update as of 2021: You may no longer request Social Security Tax Deferrals in Patriot.
If you had opted in to the program through your Patriot account, we will collect and pay the deferred tax amounts when they are due.
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