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Wednesday, January 23, 2008

Overwithholding

Just received this E-mail from the Tax Commission:

The Tax Commission has received concerns the Jan. 1, 2008 withholding schedules result in over withholding for some taxpayers. The Tax Commission is researching the situation and will determine in the next two weeks if modifications to the tables need to be made.

The glitch doesn't include all state employees - just a subset of those with a higher-than-average number of allowances. The Tax Commission is analyzing their schedules to see if they can fine tune them and issue more accurate tables. Word on the street is that the numbers are off in this article.

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