
09/09/2020
A lot of Soldiers either don’t know about the tax deferment or don’t understand it. Below is a good illustration of what is going to happen. Starting next paycheck through the end of December there will be a mandatory tax deferment on social security and the Medicare tax. HOWEVER, this money will be recouped January through April, meaning those months you’ll be paying double. Please, save this money now to avoid the financial struggle in the future!