The IRS is reminding employers and self-employed individuals who chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on Jan. 3, 2022.
As part of the pandemic relief package provided in 2020, employers and self-employed individuals could choose to delay paying the employer’s share of their eligible Social Security tax liability, normally 6.2% of wages.
Half of that deferral is now due on Jan. 3. The other half is due on Jan. 3, 2023. Learn more.