New Stimulus Law Means New Withholding Tables

The centerpiece of the American Recovery and Reinvestment Act, enacted February 17, 2009, is a $400 individual "Making Work Pay" income tax credit ($800 for joint filers) for 2009 and 2010 that will be distributed through reduced withholding from workers' paychecks. Read an article about the new law.

Twelve months of reduced withholding for 2009 will be accomplished in a compressed timeframe through new tables issued February 21, 2009, with extra reduced withholding. Download the new 2009 withholding tables.

APA on CNN & Yahoo

APA's Sr. Director of Publications and Government Relations Michael O'Toole, Esq. was quoted today in stories on CNN Money and Yahoo Finance in response to APA's suggestions for the upcoming economic stimulus "Making Work Pay Credit."

Obama Policy Agenda Likely to Have Big Impact on Payroll Departments

Even before his administration has formally begun, President-Elect Obama has created a "policy agenda" that identifies priorities he hopes to implement in the coming months. Details are still under discussion and are not yet available. It is clear, however, that several of these items, if enacted into law, would have a big impact on the payroll department - including a proposal to cut taxes by $500 per person ($1,000 per family). To read an article about this and other proposals, click here.

In a January 12 letter to the President-elect, APA Executive Director Dan Maddux offered to assist in upcoming efforts to implement an economic stimulus package. To read the letter and an attachment with "Recommendations for Successful Delivery of an Economic Stimulus Via Workers' Paychecks," click here.

Best Practices for a Successful Year-End

Here are some tried-and-true tips to make your year-end processing go more smoothly. The Internal Revenue Service and the Social Security Administration must agree with us. They are running our article in the Winter 2008 edition of the SSA/IRS Reporter.

KAC Can Help You Achieve Your Payroll Goals

The Payroll Knowledge Assessment Calulator objectively measures each employee's payroll knowledge -- and any gaps in knowledge -- and then recommends training resources to improve performance. Learn more about Payroll Knowledge Assessment.

Pay News Network Alert

APA's latest PNN video features news on CPP and FPC testing and APA's new Learning Paths.Additional news and updates from APA's Executive Director, Dan Maddux, and APA staff and members.
Pay News Network