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Social Security Deferral
OASDI tax withholdings were temporarily deferred from September through December 2020 and will be collected from wages paid between January 1, 2021 and December 31, 2021, for employees who had wages subject to OASDI of less than $4,000 in any given pay period.
Will Turbo Tax account for this for customers filing their 2020 returns, who did not pay OASDI between September and December of 2020? TurboTax 2020 filing should not show that money is owed for OASDI when we file because there is a payment plan established pursuant to The Consolidated Appropriations Act, 2021.
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‎January 5, 2021
11:12 AM