//'You borrow money, you've got to pay it back': Payroll tax deferral offers short term relief, long term questions

'You borrow money, you've got to pay it back': Payroll tax deferral offers short term relief, long term questions

Last month, President Donald Trump signed off on a payroll tax deferral for employers with employees who make $4,000 or less every two weeks. The deferral is in effect from Sept. 1 through Dec. 31. and allows you to take home money from your paycheck that would otherwise go to Social Security wages. That totals to 6.2%. Employees who accept the deferral would get more