If you are a small employer that calculates your payroll manually – please be advised that new withholding tables have been released and any payroll on or after today, April 1st, 2009, have to be calculated using the new tables.
Withholding Tables
IRS IR-2009-13 – Information on the change
For those of you who use QuickBooks, be sure [...]
Posts Tagged ‘making work pay credit’
Making Work Pay Credit & New Withholding Tables
Posted in IRS Announcements, Payroll Tax, Tax Acts and New Tax Laws, tagged 4/1/09 payroll, federal withholding tables, IRS IR-2009-13, making work pay credit, manual payroll calculation, withholding table changes on April 1, 2009 | 1 Comment »
American Recovery and Reinvestment Act of 2009, Part 2
Posted in Individual Tax, Tax Acts and New Tax Laws, tagged American Recovery and Reinvestment Act of 2009, First-time home buyer credit, Individual Tax Credits, making work pay credit, Obama tax plan on March 2, 2009 | Leave a Comment »
As promised, below are some highlights of the individual tax changes from the Recovery and Reinvestment Act. If you want to read the CCH Summary, here is the pdf:
CCH Summary
1) First-Time Homebuyer Credit – the new law increases the existing credit to a maximum of $8,000, but best of all it no longer needs to [...]


