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IRS Releases Updated Withholding Calculator and 2018 Form W-4

March 19 2018

miq irs releases updated withholding calculatorThe Tax Cuts and Jobs Act enacted by Congress at the end of 2017 established a whole new set of income tax rates for 2018 and later.

The new rates are somewhat lower than those in effect during 2017 and earlier. As a result, most taxpayers will have to pay less income tax in 2018 than they did in 2017.

The IRS has updated its online withholding calculator that individual taxpayers can use to determine how much should be withheld for 2018.

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