Monday, April 06, 2009

From the April 2009 STRS check memo: An explanation of the new tax tables

Retirees: you will find this info in your April STRS check memo.
New tax tables may reduce federal tax amount withheld
The Department of the Treasury recently prescribed new tax withholding tables to reflect the Making Work Pay credit and other changes resulting from the American Recovery and Reinvestment Act of 2009. Effective with this monthly benefit payment, your federal tax withholding was calculated using the new tables and is itemized for you below. If you requested a change to your federal tax withholding to be effective with your April benefit payment, STRS Ohio used the new tables to make the change. If you do not want to have your withholding reduced because your taxable income places you in a higher tax bracket, you may want to change your tax withholding. To change your tax withholding, you may print the Federal Income Tax Withholding for STRS Ohio Benefits form at www.strsoh.org using the Online Forms feature for Benefit Recipients [http://www.strsoh.org/pdfs/17-100.pdf]. You can also request the form by calling the STRS Ohio Member Services Center toll-free at 1-888-227-7877. Please consult a professional tax advisor for more information. STRS Ohio cannot provide tax advice.
Larry KehresMount Union Collge
Division III
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