To assist employees with the economic hardships resulting from COVID-19, recent guidance provides relief in the form of a payroll tax deferral (Deferral Program). Internal Revenue Service Notice ...
CLEVELAND — Many Americans could see a boost coming in their paychecks through the end of the year. That’s due to a payroll tax deferral set to kick in Sept. 1. The payroll deferral is one of four ...
When President Trump issued an executive memorandum on Aug. 8, 2020 offering payroll tax deferral until the end of the year, a big question was whether the deferral — of the employee portion of Social ...
On the other side of the equation, plan loans were up 12% year-over-year, and hardship withdrawals increased modestly. In 2023, a record-breaking 43% of participants raised their rate of salary ...
The Coronavirus Aid, Relief, and Economic Security Act (Act) contains several business relief provisions, including an employer payroll tax deferral (Deferral) and a companion provision allowing an ...
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