How does the tax change affect me?

[backtoblue]

I am a single mother with two full time jobs. I made around 32,000 last year and claimed a zero single tax status throughout.
I can claim head of household. How is the tax change going to affect me? I'm doing better than alot of other folks out there, but I don't know where I fit in this mess.

I'll be honest that I'm a bit confused so I haven't formed an opinion as of yet because of my lack of awareness.

[dkf]

1. Lapse of SS tax holiday. That's about it for now.

[backtoblue]

3. so I'll pay in the same percentage as what I did in 2010?

thank you for your reply dkf.

[Skidmore]

2. Well, for sure the payroll tax holiday goes away so

you will be paying those taxes again.

[kelly1mm]

4. Because of the payroll tax holiday expiration, your witholdings for SS will go up by 2% points.

Basically, your take home pay should be 2% less in each check. So, at $32000 per year, your withholdings will add $640 to your total tax bill, or about $12.30 per week.

[backtoblue]

6. ty kelly

that's not as bad as I was thinking it would be. still, that's a couple gallons of milk and a loaf of bread each week.

[WCGreen]

5. Your will pay $640 per year more because of letting the 2% SS expire.

I know it sounds bad now, but, it served the purpose of keeping the economy from falling into a much deeper Recession in 2009.