Trump's Federal Payroll Tax Deferment

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Is there a site to figure out how much you are going to owe back at tax time?

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Is that how it is going to work?

Typically the employer is on the hook for the employee and employer portion of payroll taxes.....that is why they do the payroll deduction....I'd think the feds will collect from your employer and your employer would simply hold out more from your paycheck whenever that time comes.

What I want to know is... if I opt-out of the deferment, will I get a check down the road if Congress decides to forgive the repayments?

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What I want to know is... if I opt-out of the deferment, will I get a check down the road if Congress decides to forgive the repayments?

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Nobody knows.

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Typically the employer is on the hook for the employee and employer portion of payroll taxes.

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You mean the employer pays half correct?

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Not how it works. Your pay will be reduced from Jan 1 through April 30 to pay it back.

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Pretty sure trump said if elected he planned to push to make it permanent and wouldn’t have to pay it back. Could be wrong.

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Why would a company not participate?
It would be on the employee to repay?

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If they employer participates, and the employee leaves January 1st, the employer is stuck with the bill.

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It would be on the employee to repay?

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Yeah..until they quit in February and the employer is on the hook for it.

Money board would be more helpful

You think a supposedly great businessman would make this easier for businesses, but no. He decided to make it a headache. We have opted out.

if you make more than 100k, you get nothing.