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IRS taxpayer help

The Internal Revenue Service released information today to help taxpayers understand the new income-tax withholdings and changes made by the tax reform legislation enacted last month.

Posted: Jan. 11, 2018 4:51 PM

The Internal Revenue Service released information today to help taxpayers understand the new income-tax withholdings and changes made by the tax reform legislation enacted last month.

The updated information is posted on their website  and shows the new rates for employers to use this year.

According to the IRS, employers should begin using the 2018 withholding tables as soon as possible, but not later than Feb. 15, 2018.

The IRS says many employees will begin to see increases in their paychecks in February.

It's important to note that the time it will take for employees to see the changes in their paychecks will vary depending on how quickly the new tables are implemented by their employers and how often employees are paid generally weekly, biweekly or monthly.

For other information click here. 

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