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IRS Releases Statement on Withholding Under New Tax Law

Posted on December 28 2017 07:01 PM

Employers to Use 2017 Systems Pending New Guidance

The IRS is working to develop withholding guidance to implement the tax reform bill that was recently signed into law. According to a statement released by the agency, it expects to issue the new guidance in January, and employers and payroll service providers will be encouraged to implement the changes in February. In the meantime, these entities should continue to use the existing 2017 withholding tables and systems.

Click here to read the IRS statement in full.

Please visit our Payroll section for more information on withholding and other employer tax requirements.