If you took the deferral based on the Presidential Memorandum, Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster, issued on August 8, 2020, to temporarily defer the employee portion of the Old-Age, Survivors, and Disability Insurance (OASDI) tax obligations for certain individuals, please see the following information.
Per IRS guidance, the Social Security taxes deferred from pay period (PP) 18 to PP 25, 2020, will be collected from your wages between PP 26, 2020, through PP 25, 2021.
- There is not a way for employees to elect one lump sum payment. The primary repayment method will be through payroll deduction starting in PP 26, 2020, through PP 25, 2021, for those employees still on the rolls.
Please scroll down in the aforementioned IRS guidance link for who to contact to help you with your issue.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
