Payroll Tax Withholding Changes

Category: Announcements

New tax withholding tables have been issued that will reduce the amount of federal income tax deducted from employee’s pay. The purpose of the reduction is to reflect a credit that most taxpayers will receive on their 2009 tax returns as a result of the economic stimulus bill.

Please refer to the Making Work Pay memo for a further description of how these changes may affect your withholding.