I'm wondering the same thing! According to my past readings concerning the stimulus package increase of 2009, I was under the impression that this was to take effect April 1st. When I didn't see an increase in any of our paychecks dated April 3rd, I thought, oh, well, maybe that's because the payroll end date was in March. So I gave it another week, did the necessary QuickBook's payroll updates and expected to see this much anticipated increase in our paychecks that are dated for the 10th.
Much to my dismay, there were no increases in any of our paychecks,...again! I had received an email from Intuit, the company responsible for updates to payroll in QuickBooks, that they were working on downloading the IRS changes. We can all guess what happened...nadda happened. Zippo.
As payroll administrator, I half expect to be stoned by my employees soon if QuickBooks doesn't figure this issue out soon. Believe me, I stand behind all of you on this issue and was very disappointed as well in our payroll service and shall look into this!
Who is eligible: The stimulus bill will give a $400 credit per worker (if no one else can claim you as a dependent) and an $800 credit per working couple. Key work is 'worker'. The full credit would be paid to workers grossing $75,000 or less and will be an increase in income due to a decrease in federal withholding taxes.
New tax table: The new tax table, or Publication 15-T, can be viewed on the IRS website.
Now that we all know there is a problem with our paychecks, I will get right on this after the Easter break, seeing as I can't rely on Intuit in this area. I am just as disappointed as you in Intuit right now, and hope they resolve this issue before next week!
Next question is, how are we going to put that little bit of 'extra cash' to the best use? Feel free to post your plans!
