Stars and Stripes stripes.com 30 Dec, 2020 16:15 am

Service members, federal employees are given more time to repay deferred Social Security payments

Service members, federal employees are given more time to repay deferred Social Security payments
Members of the armed forces and federal employees have 12 months instead of four to pay back Social Security taxes that haven't been collected since September, officials said this week.

Service members, federal employees are given more time to repay deferred Social Security payments Service members and federal employees have been given until Dec.31, 2021, to repay Social Security taxes that weren't collected over the last four months of 2020, the Defense Finance and Accounting Service says.KAISERSLAUTERN, Germany – Members of the armed forces and federal employees have 12 months instead of four to pay back Social Security taxes that haven't been collected since September, officials said this week.And, on top of that, Social Security taxes will be collected again.

2% Social Security taxes were collected again.The so-called payroll tax deferral, which was put in place by the Trump administration for the last four months of 2020 to help workers during the coronavirus pandemic, meant that many working Americans — including service members and federal employees — had an extra 6.

Read full story at stripes.com