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A new withholding system — in effect as of Jan. Employers who use automated payroll systems may continue to rely on their software for the calculations. However, employers that figure withholding manually may need additional support.
Known as the Income Tax Withholding Assistant for Employers , this new spreadsheet-based tool is designed to help employers transition to the redesigned withholding system.
It provides support for new withholding requests from employees who fill out the new Form W Despite the penalty relief, concerns about withholding remained.
The form includes calculations for taxpayers with more than one job and how to deal with additional income that might not be subject to withholding — items that tax professionals had expressed concern had not been adequately addressed after tax reform. The revised form W-4 will not be effective until Because to be honest, their interface is really to be reviewed otherwise you would not be here.
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