LITTLE ROCK, Ark. (KTHV) -- Jim Williams with Arkansas Select Tax Service says the payroll tax deductions will affect paychecks in 2013.
Congress allowed the tax act called theTax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010 to expire.
Originally it was 6.2 percent and itwent to 4.2 percentin 2010. So now, residents across the nation will see their paychecks decrease 2 percent.
For a person bringing home $25,000 that's about $500/year. For a person with a$50,000 income, theywill lose about $1,000 a year.
This money goes into Social Security.
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