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IRS offers help with payroll tax laws

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The Internal Revenue Service has released instructions to help employers implement the 2011 cut in payroll taxes, along with new income-tax withholding tables that employers will use during 2011.

Millions of workers will see their take-home pay rise during 2011 because the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides a 2-percentage point payroll tax cut for employees, reducing their Social Security tax withholding rate from 6.2 percent to 4.2 percent of wages paid.


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Roane County | circulation@roanecounty.com | 1-800-655-1530
P.O. Box 610, 204 Franklin Street, Kingston, TN 37763
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