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Treasury Issues Guidance on Trump’s Payroll Tax Break

Treasury Issues Guidance on Trump’s Payroll Tax Break
U.S. Treasury Secretary Steve Mnuchin speaks to the media after meeting with the U.S. Senate Minority Leader and House Speaker on coronavirus relief at the U.S. Capitol in Washington, D.C. on Aug. 7, 2020. MANDEL NGAN/AFP via Getty Images
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—The Treasury Department on Aug. 28 released long-awaited guidance for businesses on how to implement President Donald Trump’s payroll tax relief plan.

Trump signed an executive order on Aug. 8 that postponed the collection of the employee-side payroll taxes paid from Sept. 1 through the end of the year.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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