| 2008 Payroll Withholding/Transit Updates |
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The withholding tables dated January 1, 2007 will remain in effect for 2008. The withholding formula can be adjusted with the following updates:- Personal exemption credit: $169
- Standard deduction:
- Federal tax subtraction: $5,600
New transit rates begin January 1, 2008:- TriMet—0.006618
- Lane—0.0064
Note: You can receive this information and other updates by subscribing to "Payrolltax-News," an e-mail list that allows subscribers to receive up-to-date payroll tax information. If you are interested, you can subscribe here. Please feel free to provide this information to anyone who would benefit from receiving up-to-date information on the payroll tax programs.
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