When is the deadline to pay the deferred deposits of social security taxes?
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Last modified 4/3/2023 1:22:36 AM EST |
Added by TaxBandits Team
Employers and self-employed individuals can delay paying the employer's half of their applicable Social Security tax liability, which is typically 6.2% of salaries, as part of the COVID relief offered during 2020. The first half of the deferment is now due on January 3, 2022, while the second half is due on January 3, 2023.