The IRS on August 28 issued Notice 2020-65 that will allow employers to suspend withholding and paying eligible employees’ Social Security payroll taxes as part of COVID-19 relief.

This payroll tax suspension period run from Sept. 1 through Dec. 21, 2020. It applies only to employees whose wages are less than $4,000 for a biweekly pay period.

Companies that suspend collection of employees’ payroll tax would collect extra amounts from workers’ paychecks from Jan.1 through April 30, 2021 to repay the tax obligation.

Read the notice here.