June 18, 2009
All ACADEMICS AND STAFF AT UCSD
As a result of the state budget crisis, the California Legislature passed a new tax law that raised California's personal income tax rate by one quarter of one percent(.0025). The California Employment Development Department (EDD) recently issued revised personal income tax tables for 2009. Below is the June 11, 2009 announcement from the State of California Franchise Tax Board regarding the tax increase.
While the revised tax rates will be in place for the July 22, 2009 payday, the revised tax rates apply to all earnings in 2009, beginning January 1, 2009. As a result, California taxpayers may be under withheld when they file their year-end tax return, and may wish to consider increasing their wage withholding to avoid owing taxes. To assist in making that determination, we encourage you to review the California State Form DE-4, "Employee Withholding Allowance Certificate" worksheets posted on Blink at:
and consider consulting with an outside tax professional to determine if you need to increase the amount of state tax withheld in order to avoid owing taxes at the end of the year. For detailed instructions on how to change your State Tax withholding please visit Blink at:
After referring to these resources, if you have any further questions or
concerns, please contact Paul Rodriguez at (858) 534-3241 or via email