IRS Issues 2018 Withholding Tables

IRS Issues 2018 Withholding Tables

Last week the Internal Revenue Service issued the 2018 income-tax withholding tables that reflect the changes made by the tax reform law passed in December 2017. The IRS has advised that employers should begin using the 2018 tables no later than February 15, 2018.

Xenium will be revising our payroll system withholding tables and employees will see withholding changes in their checks beginning in February. If you are not using Xenium as your payroll provider, please be sure to work with your payroll manager or vendor to ensure that your payroll system is updated with the correct tables in light of the IRS guidance.

The IRS has issued a Frequently Asked Questions page on their website if any of your employees have questions. Notice 1036 also provides a detailed account of the changes as well as the 2018 withholding tables. As of January 5, 2018 the IRS Withholding Calculator and the 2018 W-4 are being revised by the IRS with an anticipated release by the end of February 2018.

Should any of your employees have questions about their withholding they can get many questions answered at www.irs.gov or by consulting with their tax adviser. Every tax situation is different; Xenium advises employers should refer specific tax questions to an employee’s tax advisor.

Brandon Laws

As Director of Marketing, Brandon Laws leads all marketing efforts for Xenium, providing oversight on all marketing campaigns, digital marketing strategy, events, sponsorships and public relations. Brandon brings a positive energy to every aspect of his role at Xenium—from internal initiatives around culture and wellness to industry thought leadership through the Xenium podcast and other social efforts. Active within the HR community, he currently volunteers on the board of the Portland Human Resource Management Association as the Director of Marketing & PR.

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