Current Events > Did something tax related go into effect or expire recently?

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AlCalavicci
09/16/22 8:59:47 AM
#1:


Im Salaried so my paycheck is exactly the same every two weeks, save for maybe a penny difference.

my paycheck today looks like its $40 lesser in take home pay. More Federal taxes have been taken and a little more in social security and medicare

What did I miss

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Flauros
09/16/22 9:01:44 AM
#2:


memorial day bonus pay that ended up throwing you into another bracket or some shit

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AlCalavicci
09/16/22 9:02:40 AM
#3:


Flauros posted...
memorial day bonus pay that ended up throwing you into another bracket or some shit

Im salaried, I dont get bonuses for holidays

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AlCalavicci
09/16/22 9:32:05 AM
#4:


Bump

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Trumpo
09/16/22 9:34:35 AM
#5:


Corporate theft

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MedeaLysistrata
09/16/22 9:35:23 AM
#6:


Money certainly changed hands and now the deal can't be undone

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EmbraceOfDeath
09/16/22 9:36:21 AM
#7:


AlCalavicci posted...
Im salaried, I dont get bonuses for holidays
Not to mention his comment isn't how progressive tax brackets work lol.

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Giant_Aspirin
09/16/22 9:37:18 AM
#8:


i don't think tax changes show up in September.

you should have access to your pay stubs, try checking that and compare it to your last one?

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AlCalavicci
09/16/22 9:39:47 AM
#9:


Giant_Aspirin posted...
i don't think tax changes show up in September.

you should have access to your pay stubs, try checking that and compare it to your last one?

i did, I can see that my federal taxes are higher with this check. We just entered a new fiscal year, maybe something to do with that. Bout to see if I can contact a tax person in my company or something

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Giant_Aspirin
09/16/22 9:41:45 AM
#10:


well that's truly weird. tag for answer

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Jupiter
09/16/22 9:43:35 AM
#11:


I just checked my pay stubs, and I don't see any changes.

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A_Good_Boy
09/16/22 10:02:22 AM
#12:


SBAllen finally took his share of your paycheck. You owe him quite a lot.

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Dan_Haren-
09/16/22 10:04:42 AM
#13:


Social security is undergoing a cost of living update aka adjusting for inflation. That means higher social security tax.

I dunno if it already took place, I think it was just approved yday or the day before.
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AlCalavicci
09/16/22 10:21:38 AM
#14:


Just sent the email to a tax person at my company, will report back

basically all my taxes in my paystub are higher withholding now. Federal, City, Social Security, Medicare, etc

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s0nicfan
09/16/22 10:23:53 AM
#15:


IIRC what is withheld from your paycheck is only an estimate, which is why you either owe taxes or get a tax return when you file. It's possible your company just adjusted their formula based on new tax law and you're seeing that take effect even if said taxes haven't started yet.

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itachi15243
09/16/22 10:24:54 AM
#16:


Where do you live?

A number of things were passed in the last couple months too

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Master_Bass
09/16/22 10:25:03 AM
#17:


Weird. I work for the federal government and my pay is still exactly the same as always. If there was a change you'd think the government would actually implement it. I don't know what's going on with your pay.

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bigblu89
09/16/22 10:27:35 AM
#18:


Mine is exactly the same as it was the last 3 weeks that I didn't work OT.

But tagged to hear the answer.

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