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6 things to consider with the new payroll tax deferral

from Military Families Magazine via We Are The Mighty

More than a million service members had an increase in their September mid-month pay because of the payroll tax deferral program set forth by President Donald Trump. The presidential memorandum directs employers to stop withholding payroll tax until the end of the year to "support working Americans during these challenging times." While most civilian companies have declined to implement this directive, the federal government has given service members and civilian employees who make less than $4,000 biweekly or less than $104,000 annually no way to opt-out. So how does this affect you and your family? more


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