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Employee Withholding Calculator

2020- 01/03 The IRS has launched a new online assistant created to help employers determine the correct amount of federal income tax to hold back from their workers’ pay. This system, which took effect on Jan. 1, replaces the previous method based on withholding allowances. “We’ve been working closely with the payroll community and other partners to make improvements in the withholding process,” said IRS Commissioner Chuck Rettig. He added, the system is “designed to help small businesses navigate a variety of situations involving their employees to help ensure the right amount of withholding.” Here’s more: https://bit.ly/2PENgA7

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