My understanding is they expire at the end of 2010, not at the beginning. Can anybody clarify?
Something changed already, although I don’t know if it relates to the expiration of the Bush tax cut. I only know my paycheck dropped by $40 some-odd dollars on the 1st & I hadn’t made any changes to withholdings or anything else.
I'm confused also. But if the tax cuts effects this year, you can bet that the Feds might not send new tax tables to your employer and your check will be the same. At least until the health bill passes. If they do send the new withholding tables, most employers have them now and will probably enforce on your paychecks starting January. No matter how it turns out if in effect 2010, you can bet the screw up will be massive and you will owe the Feds next tax filing in 2011.