The Federal income tax withholding tax rates have changed for 2011. The new withholding rates can be located in IRS Publication 15, Circular E, and Employer’s Tax Guide. To access this publication, visit the Internal Revenue Service website at www.irs.gov and select Forms and Publications>View online: Tax Publications>Publication 15
A change has been made to the calculation of withholding income taxes for Non-Resident Alien employees that have wages reportable on Form W-2. This change is due to the elimination of the Making Work Pay credit. Please see IRS Publication 15, Circular E for additional information.
The City of New York income tax withholding rates for individuals earning more than $500,000 have been revised to affect paychecks issued after January 1, 2011. Please refer to Publication NYS-50-T for additional information. The New York State, City of New York and City of Yonkers resident income tax withholding rates can be found in Publication NYS-50-T. To access this publication, visit the NYS Department of Taxation and Finance website at www.tax.ny.gov and select Find Publications, regs & laws>Tax Type: Withholding >NYS-50-T.