(Jan. 6, 2011)--The Tax Relief Act 2010 was passed by Congress and signed into law Dec. 17 and went into effect Jan. 1. Income tax withholding tables were updated and went into effect Jan. 3 for the first UTSA payroll date of the new year. The Bush Era federal tax rates set to expire Dec. 31, 2010, were extended by the Tax Relief Act 2010 to Dec. 31, 2012. The Bush Era tax rates were set by bills enacted into law in 2001 and 2003.
The American Recovery Reinvestment Act (ARRA) Making Work Pay Tax Credit was allowed to expire Dec. 31, 2010. Enacted in February 2009, the tax credit allowed an income tax credit of $400 for single individuals and $800 for married couples filing jointly. The Making Work Pay Tax Credit was paid through reduced income tax withholding.
The Tax Relief Act 2010 makes a major change in withholding Social Security taxes from employees. For wages paid in 2011, Social Security tax will be reduced from 6.2 percent to 4.2 percent for the first $106,800. The maximum that can be withheld will be $4,485.60, a decrease of $2,136 from the 2010 maximum of $6,621.60. UTSA departments (employers) will continue to pay the full 6.2 percent portion of the employee's covered wages paid in 2011. The effective period of reduced Social Security tax for employees is Jan. 1-Dec. 31, 2011, as determined by payroll check date.
Other provisions of the Tax Relief Act 2010
Employees can change income tax withholding election
According to the new income tax withholding tables, employees can change their withholding tax amount for paychecks for the remainder of 2011. Employees have two options for changing income tax withholding:
UTSA researchers are exploring matter at the atomic level with Helenita. It's one of the most powerful microscopes in the world, with the ability to operate near the theoretical limit of resolution. At 9 feet, 2 inches tall and weighing more than two tons, Helenita can dissect almost anything. With Helenita's resolution, researchers can study particles atom by atom to see how they behave.
That's critical in developing nanotechnology that will help diagnosis early-stage breast cancer or make helmets that are uber strong. Moreover, the detail that Helenita provides will allow nanotechnology researchers to create new therapies and treatments to fight a wide range of human diseases.
Did you know? Helenita can magnify a sample 20 million times its size, which would make a strand of human hair the size of San Antonio.
Join AIA San Antonio’s Women in Architecture group for their networking and happy hour event, where all design professionals are welcome.
Liberty Bar, 1111 S. Alamo St.
This documentary, presented by the San Antonio Film Festival, documents the experience of re-entry after incarceration. The film features Michael Gilbert, associate professor in the department of criminal justice and director of the Office of Community and Restorative Justice program at UTSA.
Tobin Center for the Performing Arts, 100 Auditorium Circle
Discover resources and strategies for teaching Tejano history and culture and get a special educator's tour of the new long-term exhibit, Los Tejanos.
Institute of Texan Cultures, 801 E. César E. Chávez Blvd.
This cowboy-themed programming, offered in conjunction with Our Kids Magazine's Kidcation Week, gives families the opportunity to visit with cowboy docents, enjoy readings and visit activity tables.
Institute of Texan Cultures, 801 E. Cesar E. Chavez Blvd.
The UTSA Alumni Association hosts this annual gala honoring the Alumna of the Year, Alumnus of the Year and the Alumnus of the Year Lifetime Achievement award winners.
Hyatt Regency Hill Country Resort & Spa, 9800 Hyatt Resort Dr.
After graduation, Queretaro native founded a music label recognized by SXSW
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