Will Trump's payroll tax deferral boost your paycheck? Maybe for a time, if your employer participates — but 'it's not free money.'

President Donald Trump’s payroll tax deferral took effect Tuesday, but some accountants are advising employers against implementing it.The deferral allows employees to delay until Dec. 31 paying the 6.2% tax that comes out of paychecks for Social Security.Here’s how it works for employees, and what employers might be considering.—Who is eligible?Employees can only participate in the deferral if their employers offer it.Workers who make less than $4,000 in a two-week period before taxes are deducted, or $104,000 annually will be eligible for the deferral. It will temporarily increase take-home ...


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