Revised Form 941, 941-X, and Other COVID-Related …
Deferral of Social Security Tax • This tax benefit comes from the CARES Act and allows employers to defer paying the employer-side of Social Security tax (6.2%). • Available to any business, not just those adversely affected by COVID-19. • Available for SS tax due on deposits due from March 27th-December 31st. • 1/2 of the deferred taxes are due 12/31/21 and the other 1/2 due 12/31/22. ................
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