New Payroll Tax Withholding Rates (March 2009)

Full Description

The Making Work Pay tax credit included in the American Recovery and Reinvestment Act of 2009 will automatically be enacted through changes in the tax withholding rates with the next pay check, dated March 31, 2009. Most College employees will experience an increase in net pay as a result of the new withholding rates. No action is required by College employees.

For further information, the following articles are available at the Internal Revenue Service website:

• http://www.irs.gov/newsroom/article/0,,id=204521,00.html
• http://www.irs.gov/newsroom/article/0,,id=204447,00.html