Employers: The New Tax Withholding Tables Could Impact Your Employees Withholding Tax. Employees May Need to Adjust Their Withholdings on the New W-4

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By Christina M. Reger 
 
Recently, the IRS (https://www.irs.gov/) updated the withholding tax calculator (https://www.irs.gov/individuals/irs-withholding-calculator) and revised the W-4 form (https://www.irs.gov/pub/irs-pdf/fw4.pdf) . 
Although employees are not required to complete a W-4 annually, the IRS urges employees to utilize the tax calculator and conduct a “paycheck checkup” given the new tax law changes. 
 
The tax calculator assists employees by ensuring they are withholding the appropriate amount of taxes given the changes in the tax code. 
 
“Following the major changes in the tax law, the IRS encourages employees to check their paychecks to help ensure they’re having the right amount of tax withheld for their personal situation,” Acting IRS Commissioner David Kautter said in a statement. 
 
To answer any questions, the IRS has provided a handy dandy Frequently Asked Questions document: (https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions).