Mind Your Own Business - changes to tax withholding procedures - Brief Article

Kiplinger's Personal Finance Magazine, August, 2001

Rising paychecks: Married taxpayers who make at least $50,000 a year and singles whose salaries surpass $29,000 will enjoy a hike in take-home pay, thanks to a tiny cut in tax rates that took effect July 1. The change might show up in your July paycheck; otherwise, it will debut in August. For an idea of what it's worth to you, see page 74.

Or let our withholding calculator at Kiplinger.com pinpoint how your take-home will grow. Lower earners will have to wait until January for an automatic drop in withholding.