The deadline to pay the remainder of deferred 2020 Social Security Tax was Saturday, December 31, 2022
But there's no need to scramble through your records. We've made it simple for you to see what you've already paid and what you still owe, so you can pay the IRS on time!
What's the CARES Act?
Under the CARES Act, employers had the option to delay paying the employer portion of social security payroll tax from March 27, 2020 through December 31, 2020. This was simply a delay of payment of these taxes. A minimum payment of 50% of the deferred tax was to be paid by December 31, 2021, with the remainder to be paid by December 31, 2022. The program did not apply to taxes for wages paid on or after January 1, 2021.
Deadline for payment of deferred taxes
Employers were responsible for paying their deferred taxes directly to the IRS by the following deadlines:
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50% by December 31, 2021
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Remainder by December 31, 2022
Note: As these taxes were never deducted, OnPay was unable to pay any deferred taxes on your behalf.
How to see the amount deferred
Cick COVID-19 in the side menu.
At the bottom of the page, you'll see a total under "Amount Deferred". You will need to pay this directly to the IRS.
Click View Details to see more information about these deferrals, or to print a report.
How to print a report
You can see the amount deferred separated by the date approved, who approved it, the reduction amount, check date, and run ID. You can print this report, or save it as a PDF.
Please note that when COVID-19 legislation is changed or extended, always refer to IRS guidance for the most up-to-date information.
If you have questions about how the CARES Act or FFCRA impacts your business, please consult your legal advisor or tax professional.
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