IRS Releases New Withholding Tables

On January 11, the Internal Revenue Service released the updated income-tax withholding tables for 2018. These tables are adjusted to take into account the changes included in the tax reform law.  Employers should begin utilizing these withholding tables as soon as possible. However, they must begin being used no later than February 15, 2018.

The Internal Revenue Service also released a set of Frequently Asked Questions related to the new withholding tables.