(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:
The conference is dedicated to sharing recent knowledge and experiences gained in the area of Big Data by researchers in academia, industry and the government sectors within the areas of business, national security, infrastructure, healthcare and visualization.
H-E-B University Center Ballroom (HUC 1.104), Main Campus
Former National Security Advisor Susan Rice, via webcast, will examine America’s economic, political and security relations with China during CHINA Town Hall, an 80-city live discussion and Q&A on China and Sino-American relations.
Building Building, Richard Liu Auditorium (BB 2.01.02), Main Campus
The African American Studies program proudly presents William "Cruz" Shaw, San Antonio City Councilman and UTSA Alumnus. Event is free and open to the public.
University Center, Retama Auditorium (UC 2.02.02), Main Campus
The graduate fair is an opportunity for the UTSA student body and local San Antonio community to learn about graduate education opportunities. The event is free and open to the public.
H-E-B University Center Ballroom (1.104), Main Campus
President Taylor Eighmy is inviting all UTSA students to "Pizza With The Prez." Come grab a slice of pizza and take the opportunity to introduce yourself to the President. Pizza while supplies last.
Frio Street Building, Food Court Commons Area, Downtown Campus
President Taylor Eighmy is inviting all UTSA faculty and staff to "Tacos With Taylor." Take the opportunity to introduce yourself to the President at any one of these casual meet and greets.
Biotechnology, Science and Engineering Building atrium, Main Campus
The College of Engineering Student Council and the San Antonio Hispanic Chamber of Commerce host this fun and education event. Erika Camacho is the keynote speaker. Children and families are welcome.
East Campus Parking Lot, Valero Way, Main Campus
UTSA Arbor Day event where volunteers will plant trees and give away 100 sapling trees to neighbors in the surrounding communities.
Brackenridge Ave. Lot 5, Main Campus
The University of Texas at San Antonio is dedicated to the advancement of knowledge through research and discovery, teaching and learning, community engagement and public service. As an institution of access and excellence, UTSA embraces multicultural traditions and serves as a center for intellectual and creative resources as well as a catalyst for socioeconomic development and the commercialization of intellectual property - for Texas, the nation and the world.
To be a premier public research university, providing access to educational excellence and preparing citizen leaders for the global environment.
We encourage an environment of dialogue and discovery, where integrity, excellence, inclusiveness, respect, collaboration and innovation are fostered.