The Trump administration has given employers the option to stop collecting payroll taxes for most workers through the end of this year. President Trump announced the move three weeks ago, after failing to reach a deal with Congress on a more comprehensive pandemic relief package. "This will mean bigger paychecks for working families as we race to produce a vaccine," Trump said. The move applies to workers whose biweekly pay is $4,000 or less. But as new guidance from the IRS makes clear, the windfall is merely a temporary loan. Unless Congress decides to forgive the taxes, employees will have to repay the money early next year.