- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The employer is required to withhold extra payroll taxes in equal installments between January 1 and April 30 to catch up on the deferred tax payments. This is not a situation that is covered on your income tax return.
I have not followed the news to see what would happen if you quit or retired, but I imagine it will end up being a mess. The latest proposed stimulus package apparently does not include forgiveness of the deferred amount.
‎December 22, 2020
6:52 AM