why did my federal and state income tax increase?
Asked by: tmoran
I just started working again for the same employer I worked for in 2011 for the exact same salary except my federal and state tax withholding has increased from $ 58 to $ 82.5 per week and my state withholding from $ 41 to $ 47.5 per week. This may not seem like a heck of a lot to some people but ends up being more than $ 1600 over a year. The only difference is I am getting paid every 2 weeks now instead of every week in 2011. I thought the payroll tax cut was extended? What gives???
I live and work in NC. I have filed Married/Joint for the past 4 years. We did earn more than $ 49,000 for the first time in 2011. Would we be placed in a higher tax bracket?
My wifes tax withholdings have stayed the same from 2011 to 2012.
Bi-weekly amounts are FIT- $ 165 and SIT- $ 95
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