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 ...

HR technology provider Paychex updated the payroll portion of its human capital management platform, Paychex Flex, to reflect the IRS’ newly updated tax withholding tables for 2018 under the Tax Cuts ...

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 ...

Lea Uradu, J.D., is a Maryland state registered tax preparer ... to backup withholding are interest payments, dividends, and rents. Retirement benefits and unemployment compensation are exempt ...