From the Office of the N.Y.S. Comptroller
Due to the recently passed Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, the IRS has released new federal income tax withholding tables for use during 2011.
The American Recovery and Reinvestment Act of 2009 (Making Work Pay Credit) which became effective on April 1, 2009 expired as of December 31, 2010. As a result, this credit is no longer reflected in the new 2011 federal income tax withholding tables.
These recent changes may result in an increase in your monthly federal income tax withholding.
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