Payroll Tax Deferral
The U.S. Treasury Department and Internal Revenue Service (IRS) have issued Notice 2020-65, implementing the recent Presidential Memorandum that allows employers the option to defer (i.e., postpone) withholding and payment of Social Security tax for wages paid September 1, 2020 through December 31, 2020. However, The University of Texas at El Paso, with guidance from UT System, has decided not to implement the Payroll Tax Deferral.
UTEP will continue withholding and submitting the employee’s portion of the social security taxes.
Please contact the UTEP Payroll Office with any questions at email@example.com or 915-747-5109.