Updated August 19, 2021
Note: This government program ended on December 31st, 2020, and is not available in 2021. If you haven't already deferred your Social Security payments for 2020, it is too late to do so. You will not be able to check this box in OnPay to defer this tax.
Under the CARES Act, you had the option to delay paying the employer portion of the social security payroll tax from March 27, 2020 through December 31, 2020. But you're not off the hook — This is simply a delay of payment, so you'll need to know how much you deferred, and when you need to pay the IRS.
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:
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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 is unable to pay this tax on your behalf. You will need to pay all deferred taxes by the above deadlines to avoid IRS penalties.
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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