What the payroll tax deferral means for your wallet and what youll pay back in 2021

Published: Sept. 16, 2020, 11:54 a.m.

b"The president's payroll tax deferral is coming soon, as in later this week for civilian federal employees. Many service members have already seen a small bump in their most recent paychecks. The Trump administration has at last gone on record about the payroll tax deferral. The Office of Management and Budget released new guidance late last Friday. But the memo, doesn't actually say much. Federal News Network's Nicole Ogrysko joined the Federal Drive with Tom Temin to explain. \\nLearn more about your ad choices. Visit megaphone.fm/adchoices"