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The message you are replying to: Payroll tax cut - employer need to update 2011 tax rate ASAP


AS411 Community Home » Accounting Software » General Discussions » Payroll tax cut - employer need to update 2011 tax rate ASAP

 

karen1688 wrote the following post on 12/27/2010 6:14:16 PM

The Tax Relief Act was signed into law by President Obama on December 17, 2010.  

For Year 2011, the employee tax rate for social security is reduced to 4.2%. The employer tax rate for social security remains unchanged at 6.2%. Employees may see bigger paycheck in Jan, 2011. 

The IRS asks that employers start using the new social security rate as soon as possible but not later than January 31, 2011.

For Year 2011 tax tables, please visit
http://www.halfpricesoft.com/Federal_income_tax_2011.asp

Source:
http://www.halfpricesoft.com/business-blog/post/2010/12/27/ezPaycheck-2011-Payroll-Software-Updates-Payroll-Tax-Withholding-Table-Includes-The-New-Tax-Cut-by-Tax-Relief-Act.aspx

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