IRS Launches New W-4 & Withholding Calculator

As you probably already know, the Internal Revenue Service updated the income-tax withholding tables to calculate the taxes on your payroll since mid-January. On February 28, 2018, the Internal Revenue Service released the new version of Form W-4 and an updated Withholding Calculator. These tools give employees the information they need to fill out the new Form W-4 should changes need to be made.

The new tax law does not affect 2017 tax returns, however, we encourage all employees to review their personal tax situation to see if they need to make any changes to determine their proper withholding for 2018 to avoid any issues when they file next year.