🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more
The Trump administration's guidance on the temporary payroll tax cut is addressed to companies, not individual employees,
Win McNamee/Getty Images

Does Trump's payroll tax deferral mean save now, pay later?

Aug 31, 2020
While the federal government will take the temporary payroll tax break, some employers will skip it.
Treasury Secretary Steven Mnuchin speaks as President Donald Trump looks on during a press conference. The Treasury Department Friday released guidance on the payroll tax deferral.
Drew Angerer/Getty Images