Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
I posted the below comment under this article.

Can anyone at this board explain to me why the IRS would change the tax rate withholding rates and increase them?

You mentioned the 2% increase back to the old rate for Social Security withholding's. I was expecting that, so no problem.

However, a surprise to me is my federal tax withholding went up quite a bit. I called my job's finance person and I was told that the 2013 tax withholding's tables increased the amount of taxes withheld across all rates.

What in the world is this? If my middle class tax rate is staying the same, why is the government doing this?

My goal is to get as close as possible to breaking even on my taxes. Meaning, I don't want a refund and I don't want to pay anything. If they withhold as much as they did, I'll get about a grand back in a refund. I don't want that.

That means the government is ripping us off and using our money as an interest free loan.

Is anyone else having their employer withhold more in federal tax? I work for a local government agency and I think they would have it right. The person says she follows the IRS tables to the T.

If this is really happening, which according to my first paycheck, it is, I plan to see if I can adjust my withholding amount to have them take out less.

If it's true the tables were increased, what in the world is happening? Can anyone explain that to me?
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.