2011 Tax Changes

2011 Tax Changes

On Friday, 12/17/2010, President Obama signed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act.

The IRS released Early 2011 Income Tax withholding tables on Saturday, 12/18/2010.

Notable changes include:

  • The Employee Social Security percentage was reduced from 6.2% to 4.2% (The Employer portion stays at 6.2%)

  • Advance EIC (Earned Income Credit) is eliminated.

  • The "Making Work Pay Credit" expires on 12/31/2010.

  • There is no pension adjustment.

  • The Federal Withholding allowance is now $3,700.

  • The tax tables have still have 6 rate tiers (similar to 2009).

  • There is a new withholding adjustment schedule for Non-Resident Aliens

Please see details of these changes at http://www.irs.gov/pub/irs-pdf/n1036.pdf

If you have questions of concerns regarding changes, or if you need assistance with making these changes, please contact the CCS Retail Systems Support Department.

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