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President Donald Trump on Saturday issued an executive order to defer the withholding, deposit, and payment of certain payroll taxes paid from Sept. 1 through Dec. 31, 2020.

The presidential memorandum was one of four the president issued on Saturday as congressional negotiators struggle to find agreement on a bill to extend relief during the COVID-19 pandemic. The other orders involve compensation to unemployed individuals, evictions, and student loan relief.

The deferral applies to any employee whose pretax wages or compensation during any biweekly pay period generally is less than $4,000. The tax payments are deferred without any penalties, interest, additional amount, or addition to the tax.

The deferral applies to the employee portion of the old-age, survivors, and disability insurance (OASDI) tax under Sec. 3101(a) and Railroad Retirement Act Tier 1 tax under Sec. 3201.

Treasury has the authority under Sec. 7508A to delay tax payments for up to a year during a presidentially declared disaster. The president on March 13 declared the coronavirus pandemic a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act, P.L. 100-707.