Demystifying the CARES Act Webinar - April 3, 2020 CARES Act Webinar – BD 4.3.2020 | Page 10

BUSINESS TAX PROVISIONS
Delay of Payment – Employer Payroll Taxes
• Employers and self-employed individuals can defer making
deposits of the employer share of Social Security taxes for
remainder of year
• Medicare tax excluded
• 50% of deferred amount due 12/31/21
• 50% balance due 12/31/22
• Think of it as an interest free loan (and not much else)
• Delay NOT available if employer has paycheck protection
loan forgiven
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