HR Alert

IRS Releases New Form W-4 and Online Withholding Calculator

Tools Aim to Help Taxpayers Review Withholding Following New Tax Law

The Internal Revenue Service (IRS) has released new versions of Form W-4 and its online withholding calculator to help taxpayers check their 2018 tax withholding following passage of the Tax Cuts and Jobs Act in December 2017. The IRS urges taxpayers to use these tools to make sure they have the right amount of tax taken out of their paychecks.

Among other things, the Tax Cuts and Jobs Act increased the standard deduction, removed personal exemptions, increased the child tax credit, limited or discontinued certain deductions, and changed the tax rates and brackets. If changes to withholding should be made as a result of these changes, the withholding calculator gives employees the information they need to fill out a new Form W-4. Employees must submit the completed W-4 to their employers.


Close
Login to HRSPI Client Portal
Username:
Password:
Forgotten PasswordForgot Password
Executive Search Executive Search

Harrassment Prevention

HRSPI offers comprehensive, interactive, AB1825-Compliant training. Programs include introduction to recent anti-bullying legislation.

Latest News

News Archives

Latest Blog

  • Social Media Keeps Candidates from Getting Hired

    A recent survey of hiring managers and human resources professionals about their use of social media in hiring and monitoring employees showed that 70 percent of employers use social networking sites to research job candidates.

    <read more>

Blog Archives