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Payroll Tax Payment Extensions for Employers Under The CARES Act

The CARES Act, enacted on March 27, 2020, contains a provision that will allow most employers and self-employed individuals to delay payment of the 6.2% employer share of the Social Security payroll tax from the date of the enactment through the end of 2020.  Additional payroll taxes that can be deferred are the employer and employee representative portion of Railroad Retirement Taxes (attributable to the employer FICA rate) and half of the 12.4% self-employment (SECA) tax liability.