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Federal Tax Table - March 2009 |
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March 16, 2009
Dear Client:
As of March 2009 Federal Tax withholding rates have changed.
To adjust the rates in CHARTS do the following:
From any CHARTS menu type FEDTAX or [GM, 10, 8, 2, 1] and press ENTER.
The rates as shown in bold below have changed since December 2008.
(IRS CIR E ANNUAL) FEDERAL TAX INFORMATION
Single Married
Rate Cutoff Rate Cutoff
level - 1 10.00 7180.00 10.00 15750.00
- 2 15.00 10400.00 15.00 24450.00
- 3 25.00 36200.00 25.00 75650.00
- 4 28.00 66530.00 28.00 118130.00
- 5 33.00 173600.00 33.00 216600.00
- 6 35.00 375000.00 35.00 380700.00
- 7 .00 .00 .00 .00
Annual Exemption 3650.00 3650.00
-- Earned Income Credit --
Level - 1 8950 20.40 4475 20.40
- 2 16420 1826.00 10710 913.00
- 3 .00 .00 .00 .00
Min/Max Rates .00 9.59 .00 9.59
FICA Employer 7.65 106800.00 Employee 7.65 106800.00
level 2 1.45 999999.00 level 2 1.45 999999.00
Unempl .80 7000.00
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Make the changes as shown above in bold and press ENTER.
Also, please note that March 31, 2009 is the deadline for submitting your 2008 Federal Social Security W2 Copy A. For instructions see 2008 Year-end Notes.
Thank you.
RHS, Client Service