IRS Releases Updated Withholding Tables in Response to New Tax Law

By:
Chris Gaetano
Published Date:
Jan 12, 2018
IRS

The IRS has released updated withholding tables that take into account the changes made by the new tax law signed last month. Notice 1036 details percent method tables for income tax withholding, withholding adjustments for nonresident aliens, additional Medicare tax withholding, withholding on supplemental wages, and the backup withholding rate. The new tax law created many changes in policy, including changing the thresholds and rates of the tax brackets, which necessitated changes to the withholding tables. 

Click here to see more of the latest news from the NYSSCPA.