Payroll taxes
I noticed on my payslip that my employer(state university) is not taking state or federal taxes out. When I asked about it this is what I was told: The IRS charts change at the beginning of each year to allow for the standard deduction increase. For a biweekly employee, in 2021 the first 965 has no tax withholding, then for 965-1731 they withhold 10% on the income above 965. In 2022, the first 996 has no tax withholding and then 10% on the income above 996. You income is taxed after the pretax deductions are deducted and in 2022 the insurance premiums increased which made your taxable income lower". Is this correct, if so what should I change to make sure I don't have a huge bill when I file.
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