Tuesday marks the start of President Donald Trump’s payroll tax holiday.
Tuesday marks the start of President Donald Trump’s payroll tax holiday, an executive order he signed in August that temporarily halts withholding taxes on your paycheck. While it could mean more cash in your pocket now, you’re still going to have to pay those taxes come April 2021. The president does not have the authority to stop tax collections but can defer payments, like Trump did in the series of August orders.
