Friday, January 11, 2013

income tax rate increase

From the County Finance Department:  Effective January 1, 2013, the Internal Revenue Service released new income-tax withholding tables for 2013 and issued special instructions on implementing new income tax and Social Security tax rates. The rate of 4.2% has been in effect for the past two years.  As of January 1, 2013 the rate went back to 6.2% on the first $113,700.00 in taxable wages.  

The payroll system has been updated to reflect the new federal income tax withholding tables that were issued by the IRS for 2013.  These changes will be reflected in your pay check dated January 11, 2013.  If you have any questions or concerns, please contact Darnell Russell or Teresa Sharpless.

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