Taxation

Employers Face Tax Withholding Changes for 2010
As an annual service to its members, NJBIA explains the changes in tax withholding rates and taxable wage bases that employers face in the year ahead. For 2010, higher personal exemptions and standard deductions and revised tax brackets are reflected in new federal income tax withholding tables. On the State level, the maximum taxable wage base will rise for contributions to the State Plan Temporary Disability Insurance, Family Leave Insurance, Health Care Subsidy Fund, Unemployment Insurance Fund, and Workforce Development Partnership Fund. The rates and wage bases are applicable in 2010.

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NJBIA's Taxation Committee
The Taxation Committee develops policy positions for the Association on legislative and regulatory proposals that have an impact on business. The committee identifies and responds to problems of tax compliance, inequity and competitive disadvantage occurring at the State or local levels. For more information e-mail Art Maurice amaurice@njbia.org.

Economic Development & Taxation Section of the NJBIA State Issue Briefs

Taxation Links
Direct links to Web sites related to taxation.