(NPR) Payroll Tax Delay To Boost Take-Home Pay, But Don't Spend It Yet

Payroll Tax Delay To Boost Take-Home Pay, But Don't Spend It Yet

The Coronavirus Crisis

Payroll Tax Delay To Boost Take-Home Pay, But Don't Spend It Yet

President Trump has directed the Treasury Department to stop collecting payroll taxes this fall in an effort to boost workers' paychecks. But the move is temporary, and could spark headaches in 2021.