Employers and self-employed individuals who deferred part of their Social Security tax in 2020 will need to pay the second installment of the deferred amount by December 31, 2022.
As part of COVID relief provided in 2020, employers could choose to defer paying the employer’s share of Social Security tax and self-employed individuals could choose to defer one-half of their Social Security tax liability. These deferred taxes could be paid in two installments with the first due December 31, 2021, and the second installment due December 31, 2022.
The deferred Social Security tax can be paid in several ways, including:
- Electronic Federal Tax Payment System (EFTPS)
- IRS Direct Pay
- Credit or debit card or digital wallet
- Check or money order
Please contact us if you have any questions.