Accounting and Payroll

Social Security Tax Deferral

Chesapeake Public Schools has reviewed the August 8, 2020, Presidential executive order related to the postponement of Social Security withholding (6.20%) for qualifying employees for the period of September 1, 2020, through December 31, 2020. The IRS released guidance in IRS Notice 2020-65 related to the implementation of this postponement….