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Smaller paychecks now that tax holiday has expired
Rich Morrow prepares taxes for a living, but this year he has been preparing his clients for a big change on payday. Morrow says, "Ever since I have been in this business, the rate has been 6.2%. But for the past two years, to stimulate the economy, we have had a 2% reduction as a payroll tax holiday. The holiday is over."
By Lauren Seabrook
January 11, 2013