Tax Deferral Update!


UPDATE: The Consolidated Appropriations Act, 2021 was passed and extended the period for collecting deferred 2020 Social Security taxes. The period for collection is now January 1, 2021 through December 31, 2021 (instead of January 1, 2021 to April 30, 2021).

For active duty military members, the 2020 deferred Social Security taxes will be collected in 24 installments, from your mid-month and end-of-month pay between January 1 and December 30, 2021.


Beginning in January 2021, your myPay LES will reflect the monthly collection amount and contain a note in the remarks section that shows the remaining balance of deferred Social Security taxes.


https://www.dfas.mil/taxes/social-security-deferral/

6 views0 comments
Image by TOMOKO UJI

New Coast Guard Sea Legs Publication

Available for PDF Download

Copyright © 2020 Naval Services FamilyLine

1043 Harwood Street SE, Suite 100 Bldg. 154, Washington Navy Yard, DC 20374

Contact Webmaster at itdirector@nsfamilyline.org

Terms and Conditions | Privacy Policy | Contact | Donate