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When will the IRS release the 2018 withholding tables?

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Do you know when the IRS will publish the 2018 withholding tax tables that are used by employers to calculate the amount federal income tax withholding?
asked in Payroll Software by anonymous

1 Answer

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In January 2018.

The IRS has delayed the release of the 2018 tables due to the changes brought by the tax reform bill.

On December 26, 2017 the IRS released the following statement:

“The IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22.  We anticipate issuing the initial withholding guidance in January, and employers and payroll service providers will be encouraged to implement the changes in February. The IRS emphasizes this information will be designed to work with the existing Forms W-4 that employees have already filed, and no further action by taxpayers is needed at this time. “

Soon after the IRS issues the 2018 withholding tables, they will be implemented, tested and then included inside Payroll Mate.

If you are a current user of Payroll Mate 2018, please keep your software updated by selecting “Help > Check for Update” from the top menu inside the software.

If you are looking for new payroll software you can download free trial from the link below:

https://www.realtaxtools.com/download-payroll-mate-payroll-software.html

 

answered by RealBusiness
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