Originally Posted by
Hero68
Hey guys, just noticed my direct deposit for Jan31st paycheck was about $1200 less than my Dec 31st deposit last year..I am a 330fo on reserve most months and have not changed any withholding from last year. This is the "small" advance paycheck , I hope this is not our new reality with the present tax code. Anyone else notice the same thing? Only thing I can think is that maybe I hit the max 401k withholding before the end of the year and the paychecks were larger reflecting that change.
You lost 2 percent for the new ss withholding. You could have lost your 401k contribution and your 401k catchup if your over 50 and maxed them in 2012. If you flew a lot you could have maxed the 415C limit in which case the company 14 percent is paid as cash rather then a retirement contribution until the new year starts. Go back on Delta net and compare your 31 Dec statement to your statement today. Much easier then speculating on the forum as to what happened. They do make mistakes so you should look at the checks.