Payroll Tax Cut –

2011 Payroll Tax Cut 

The payroll tax cut will lower the tax by 2% from 6.2% to 4.2% for the first $106,800 in 2011.  That could add up to as much as $2,136 dollars.  The tax cut was signed into law on December 17th and employers have to implement the changes as soon as possible but not later than January 31st.

To read a related Kiplinger article, please click here:

Jim Sutliff

This entry was posted in Administrative, Economy, General, Tax. Bookmark the permalink.