201 West Colfax Ave Dept. 1109 Denver, CO 80202 Fax: 720 913-5249
New benefit deductions Changes to your 457 Plan Changes to your allowances Changes to your dependents Changes to FSA medical amounts Exempt status changes
This document is for informational purposes only as the City and County of Denver does not provide tax advice. You should consult with your tax advisor regarding your particular tax situation.
To calculate the percentage: Take the maximum contribution allowed – divided by your estimated year-to-date earning, equals the per pay period 457 Plan percentage (i.e., $17,000.00/$45,000.00 = 38%) For questions, contact: Cooney Associates 1922 E. 18th Ave Denver, CO 80206 303-388-0854 ICMA Retirement Corporation P.O. Box 96220 Washington, DC 20090-6220 1-800-669-7400
Please be aware that in 2009 and 2010, most wage earners benefited from the changes made to the federal income tax withholding tables to implement the "Making Work Pay" tax credit. This credit ended in December of 2010 and therefore, has been updated in PeopleSoft. As of the 2/27/2011, you may see a difference in your taxes due to this update. If you have specific questions about how this may apply to you, please consult with your tax professional. You may also get additional information about the "Making Work Pay" tax credit by visiting the IRS website at www.irs.gov and doing a search on Making Work Pay.
If you have additional questions about your pay, please don't hesitate to email Citywide Payroll at CitywideAdmin.Help@Denvergov.org.