Payroll TaxesYou would still owe your payroll taxes under the terms of the president’s memorandum, and so would your employer, if you have one. What might change would be when some of the taxes for the period from Sept. 1 to Dec. 31 are due. If you are not self-employed, what usually happens is that your employer pays half of the 12.4 percent in Social Security payroll taxes that most people owe and then withholds the other half from your paycheck. Those who earn more than that would still be subject to withholding, up to the annual limit of $137,700. Still more of them may simply make adjustments via a W-4 withholding form on their own, no matter what sort of default withholding strategy their employer selects.

Source: New York Times August 09, 2020 23:24 UTC