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na-tai
New Member

Why are my first paychecks of the year taxes at a higher rate? It gradually decreases at through mid-end year.

 
2 Replies
xmasbaby0
Level 15

Why are my first paychecks of the year taxes at a higher rate? It gradually decreases at through mid-end year.

Ask your employer.   Did you fill out a new W-4 for your employer?

 

https://ttlc.intuit.com/community/tax-topics/help/what-to-know-about-the-new-2020-irs-form-w-4-emplo...

 

https://www.irs.gov/pub/irs-pdf/fw4.pdf

 

 

https://www.irs.gov/individuals/tax-withholding-estimator

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
SweetieJean
Level 15

Why are my first paychecks of the year taxes at a higher rate? It gradually decreases at through mid-end year.

You may have reached the Social Security maximum withholding at some point during the year. 

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