|Source:||McClatchy-Tribune Information Services|
The payroll tax cuts are the result of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, which was signed into law
Employers and payroll companies will handle the withholding changes, so workers typically won’t need to take any additional action, such as filling out a new W-4 withholding form. New withholding details are now available on www.IRS.gov.
Notice 1036, also released last week by the
Publication 15 (Circular E), Employer’s Tax Guide, containing the extensive wage bracket tables that some employers use, will be available on www.IRS.gov in the coming days.
Many workers and employers, according to the
As always, however, the
For example, individuals and couples with multiple jobs, people who are having children, getting married, getting divorced or buying a home, and those who typically wind up with a balance due or large refund at the end of the year may want to consider submitting revised W-4 forms.
Publication 919, How Do I Adjust My Tax Withholding?, provides more information to workers on making changes to their tax withholding.
To see more of The Sun or to subscribe to the newspaper, go to http://www.yumasun.com/.
Copyright (c) 2010, The Sun, Yuma, Ariz.
Distributed by McClatchy-Tribune Information Services.
For more information about the content services offered by McClatchy-Tribune Information Services (MCT), visit www.mctinfoservices.com, e-mail firstname.lastname@example.org, or call 866-280-5210 (outside the United States, call +1 312-222-4544)