Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted in surprises. Some filers who have gotten a refund in past years wound up owing money. The IRS reports that the number…
New Tax Withholding Rates for 2018
Employers should update their employees withholding as soon as possible but no later than February 15, 2018 according to the IRS. Until then, employers should continue to use the 2017 withholding tables. The IRS released Notice 1036 with updated income…