Monday, January 28, 2013

Tax Withholding in General and for Addendum/Overtime Pay

Tax filing season is a good time to review the amount of federal and state income tax you are having withheld from your paycheck. Have you had any major life changes, e.g., gotten married, had a child, purchased a home, experienced your spouse beginning or stopping work, etc.? Your income tax withholding can be adjusted at any time through Tax Information in the Tax Status section of Employee Online (available via your Employee Dashboard). You can model the impact of your tax withholding changes on your net pay by using the What If calculator under the Pay Check section under the Employee Online tab. 

The What If calculator can also be used to model your net pay and tax withholding resulting from changes in your pay or if you receive addendum or overtime pay. Simply enter the gross salary you want to model and click submit. It’s that easy. 

If you have questions regarding tax withholding, withholding changes or the What If calculator, contact Steve Jordan, Senior Payroll Specialist, at sjordan@aea11.k12.ia.us or ext. 14908.

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