2010 Tax Withholding Tables ... Notice a difference in net pay?

The Kiplinger Tax Letter, January 8th 2010 reports “Last year’s (Tax) tables were revised for the Making Work Pay Credit…a 6.2% credit on earned income, capped at $400.00 for singles, $800.00 for couples. The tax savings were packed into the last nine months of 2009. The 2010 tables spread the credit over 12 months, so the monthly savings from the credit will be less. Thus, on the same pay, withholding will be a bit larger.”

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