Updated December 13, 2022
The deadline to pay the remainder of deferred 2020 Social Security Tax is 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, and the remainder is to be paid by December 31, 2022. The program did not apply to taxes for wages paid on or after January 1, 2021.
What we'll cover
When you need to pay your deferred taxes
You are responsible for paying your deferred taxes directly to the IRS by the following deadlines:
50% by December 31, 2021
Remainder by December 31, 2022
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.
As the government provides more guidelines in the new year, we will continue to keep you updated with the latest details. Please note that as COVID-19 legislation is changed or extended, always refer to IRS guidance for the most up-to-date information. For additional information about CARES and FFCRA, please visit our COVID-19 Resource Center.
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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