Knowledge Resources | Tax Update
This handy guide provides frequently sought after tax information, rates, and gross-up percentages for 2019, along with a comparison to 2018 data.
The IRS released today the updated 2018 withholding tables which include a decrease in the 2018 supplemental rate from 25% to 22%. The withholding tables must be implemented by February 15, 2018, however, employers are encouraged to start using them as soon as possible. Employees will begin to see the effects of the new tax laws in their paychecks in February.