Taxation

Executive Action Defers Payroll Taxes

On Saturday, August 8, President Trump signed a memorandum deferring the deadline for payroll taxes that employers deduct from employee paychecks and submit to the IRS. The order defers employees’ obligation to pay a 6.2% Social Security tax per paycheck and defers these taxes from September 1 through December 31, 2020. Treasury Secretary Steven Mnuchin …

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New Oregon Statewide Transit Tax

The 2017 Oregon Legislature passed House Bill 2017, which included a new statewide transit tax. Starting July 1, 2018, employers must start withholding the tax in the amount of one-tenth of one percent (0.001) from: Wages of Oregon residents (regardless of where the work is performed) Wages of nonresidents who perform services in Oregon This …

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