September 25, 2009
Question of the Week: Why Do I Have a Big Withdrawal for MTA Payroll Tax This Week?
Filed under: News
Vision Payroll

This week’s question comes from Rick, a business owner in Manhattan. This week’s tax liability expense was larger than normal, mostly due to the New York MTA Payroll Tax. Why do I have a big withdrawal for MTA Payroll Tax this week? As previously reported, the Metropolitan Commuter Transportation Mobility Tax or MTA Payroll Tax covers wages paid within the Metropolitan Commuter Transportation District (MCTD) after February 28, 2009. The tax filing for the third quarter must include the tax on all wages paid after February 28, 2009 and before October 1, 2009. In the last payroll of this quarter, all uncollected taxes for that period were collected for payment with the third quarter return. After the third quarter, filing and payments will be due on a quarterly basis. Contact Vision Payroll if you have any questions on your MTA Payroll Tax liability.


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