The Internal Revenue Service (IRS) have modified the income tax withholding tables for 2023, as it also did in previous years. Meanwhile, employers can still use the optional computational bridge ...

Kelly Phillips Erb is a Forbes senior writer who covers tax. The Internal Revenue Service (IRS) has updated the income-tax withholding tables for 2018 to reflect changes made by the new tax law.

There's federal income tax and the two FICA taxes: Social Security and Medicare. IRS rules governing each tax are different, so you end up calculating income tax withholding separately from FICA ...

issued Revenue Memorandum Circular 105-2017 or the revised withholding tax table on compensation. "Thus, beginning January 1, 2018, every employer making compensation payments to their respective ...