UPDATE: Deferred social security payroll tax to be taken out for some as 2021 begins

UPDATE: Deferred social security payroll tax to be taken out for some as 2021 begins
(AP Photo/LM Otero, File)

WRIGHT-PATTERSON AIR FORCE BASE — A smaller paycheck could be coming to some at Wright-Patterson Air Force Base, as double social security payroll taxes will be taken out to make up for the tax deferral that started last September.

“In an effort to provide temporary relief during the COVID-19 pandemic, the 6.2 percent social security payroll tax was deferred this summer,” the base said in a release.

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The Defense Finance and Accounting Service deferred the social security tax under the executive memorandum issued by President Donald Trump from Sept. 1 to Dec. 31 for any personnel making gross taxable wages that were less than $4,000 a pay period. For military members, it was calculated on a monthly rate of basic pay that was less than $8,666.66 in a month.

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), according to federal officials. This change was announced Monday afternoon.

If you aren’t a base employee and work elsewhere in the Miami Valley, you also would be responsible for the deferred social security taxes if your employer didn’t take those taxes out of your paycheck between August and December.

The IRS is still working to determine how the deferral and collection of the tax will impact W2s, which are used to file your taxes, the base said.

Under the President’s action, the deferral happened automatically for base employees and no one was able to opt out of the deferral.

Those working at Wright-Patterson Air Force Base that have questions can make an appointment with the Airman and Family Readiness Center at 937-257-3592.