Your choice: To ditch Social Security tax withholding or not
Business Management Daily
AUGUST 17, 2020
Section 7508 was amended in 2005, by the Katrina Emergency Tax Relief Act (P.L. Director of Government Relations for APA. Employees who generally earn more than $4,000 per biweekly pay period get nothing. If your employment terminates, you may be responsible for paying back the deferral in a lump sum. The bottom line.
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