SS&C Blog

BLOGS. May 22, 2021

CARES Act Tax Impacts and Relief - The Latest Tax Provisions And How They Are Impacting The Financial Industry

Recently, the Treasury Department and IRS extended several deadlines, including the federal income tax filing due date, which was extended to July 15th. Employers are allowed a deferral of the employee portion of Social Security tax from the end of March through December 31st, 2020. The Medicare portion is unchanged. Participation in the Payroll Protection Program may affect eligibility for certain relief measures.