A presidential executive order enabled an optional Social Security payroll deferral from Sept. 1-Dec. 31. Because this allows only for a short deferral rather than a tax break and would require the College to double up on tax deductions for the first three months of 2021 to recoup the skipped payments, the administration believes it is in the best interest of our employees and the College that we not participate and continue withholding Social Security taxes. Learn more.