2018 TAX TABLES
New Tax Tables! As of 2018, The International Revenue Service (IRS) has established new income-tax withholding tables to accommodate for the 1.5 trillion dollar tax overhaul. This updated version has been the first major rewrite in 30 years. If you are not familiar with this newly passed tax cut, it provides large cuts to corporations and the wealthy while giving mild cuts to middle and lower class. For the latest news on these tax cuts and information for this blog provided by: IRS.gov/Notice1036 Below includes the table for Percentage Method for Income Tax withholding for wages paid in 2018. For tips on how to interpret these tables visit: https://www.irs.gov/pub/irs-pdf/n1036.pdf For all your Quickbooks needs, call the Quickbooks gal!