Update to Repayment of Deferred Payroll Taxes


Last week, the IRS issued Notice 2021-11, which modifies Notice 2020-65 and updates guidance on the timing of the deferred payroll tax repayments. Originally, under a Presidential Memorandum, an employee’s Social Security tax could be deferred from September 1 through December 31, 2020, and then withheld and repaid by April 30, 2021. The Consolidated Appropriations Act, 2021 (CAA) extended the repayment period to run through December 31, 2021.

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