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Treasury Issues Guidance on Payroll Tax Holiday

Treasury Issues Guidance on Payroll Tax Holiday

The Department of the Treasury issued guidance on the Aug. 8, 2020 Presidential Executive Order that defers an employer’s obligation to withhold, deposit, and pay the employee’s portion of the payroll tax on wages earned between Sept. 1, 2020 and Dec. 31, 2020.

August 31, 2020

NADA Chairman Praises Senate Passage of Economic Stimulus Package