IRS Announces 2009 Federal Tax Rates

by Ted

For 2009, personal exemptions and standard deductions will rise and tax brackets will widen because of inflation adjustments announced today by the Internal Revenue Service. By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with inflation. As a result, more than three dozen tax benefits, […]

Filed under: Federal News, Payroll News
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California raises SDI rates

by Ted

The State Disability Insurance (SDI) withholding rate for 2009 is 1.1 percent up from 0.8 percent. The taxable wage limit is $90,669 for each employee per calendar year. The maximum to withhold for each employee is $997.36. From CA EDD web site

Filed under: Payroll News, State News
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