Feb. 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 into law, providing a refundable credit for many working individuals.

In accordance with the new IRS tax tables, most single taxpayers' Federal Income Tax Withholding decreased by $400 for the year, and most married taxpayers' withholding decreased by $800 for the year.

Please keep in mind that tax tables do not account for individual circumstances. Some recipients of retired and annuity pay, especially those who are married filing jointly and those who worked in 2009, may owe taxes or receive a smaller refund in April 2010.