Agencies can’t pass laws, but agencies pass rules. They will establish a new Treasury agency rule that suspends the collection mechanism, and guidance will go out to satellite offices and industry associations to recommend accountants adjust their tax guidance to their customers. Software companies like Intuit will adjust their code to recalculate deductions after they have some time, and that will be it.

That’s exactly what happened after the CARES act passed. About a month into it, options appeared in QuickBooks payroll to add PTO options to staff for the three options for expanded leave, and the payroll tax reports automatically deduct the tax credit for your payments out to the Treasury.

Agencies can’t pass laws, but agencies pass rules. They will establish a new agency rule that suspends the collection mechanism, and guidance will go out to satellite offices and industry associations to recommend accountants adjust their tax guidance to their customers. Software companies like Intuit will adjust their code to recalculate deductions after they have some time, and that will be it.

That’s exactly what happened after the CARES act passed. About a month into it, options appeared in QuickBooks payroll to add PTO options to staff for the three options for expanded leave, and the payroll tax reports automatically deduct the tax credit for your payments out to the Treasury.