
12/29/2020
U.S. Army Reserve
⚠️ ATTENTION: Team Army Reserve
If you saw additional money in your paycheck from September to December, you will have to pay it back starting in January! 💰
Learn more ➡️ https://go.usa.gov/xAZty
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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).
DFAS will update their website and send communications to the affected workforce explaining the changes made by the Act.
At the end of December, the 2020 Social Security tax deferral will end. Beginning January 2021, the normal 6.2% Social Security tax withholdings will again be deducted from pay for military members and civilians, and an additional deduction for the deferred 2020 Social Security tax collection taken from pay.
🌐 SOURCE: 🌐
https://www.dfas.mil/taxes/social-security-deferral/