Covid’s $211 Billion Payroll-Tax Lifeline Shifts Burden to 2021
- UPS, Walgreens, Lowe’s among big beneficiaries of CARES Act
- Two-year payback creates potential headwinds, tax experts say
Photographer: Ken James/Bloomberg
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Companies that took advantage of federal pandemic-relief efforts like payroll tax deferrals will face bigger bills next year, possibly complicating an already-challenging climb out of the Covid crisis.