All Items: Withholdings

  • 2018 Withholding Tables Reflect Tax Reform Law

    January 16, 2018

    The IRS issued the 2018 income tax withholding tables reflecting the changes in the tax rates and brackets, the repeal of personal deductions and the increase in the standard deduction made by the tax reform law enacted by President Donald Trump in December, 2017.

  • FICA Refund Claim Guidance Issued by IRS

    March 27, 2017

    The IRS has issued Rev. Proc. 2017-28, clarifying the procedure by which an employer may request an employee's consent to seek a refund of overwithheld FICA taxes on the employee's behalf, beginning June 5, 2017.

  • 2017 Social Security Taxable Wage Base Substantially Increased, Benefit COLA and Related Figures Also Up

    October 19, 2016

    The Social Security Administration has issued inflation-adjusted figures for 2017, including the Social Security taxable wage base, the earnings tests for retirees who return to work, the quarter of coverage requirement for Social Security benefits, and the cost of living adjustment (COLA) for Social Security benefits.

  • New Jersey to Terminate Reciprocal Withholding Agreement With Pennsylvania

    September 7, 2016

    On September 2, New Jersey Governor Chris Christie gave 120 days' required notice of intent to end the state's 40-year-old reciprocal income tax withholding agreement with Pennsylvania. If New Jersey follows through, the agreement will terminate at the end of 2016, and will affect employers and employees in both states.

  • HR Compliance Changes Take Effect July 1; Trends Include Minimum Wage, Military Leave and Payroll Updates

    June 21, 2016

    HR departments should get ready now to comply with a wide variety of employment law requirements that are changing on July 1. Depending on the employer's presence in various jurisdictions, a number of workplace practices may be affected by legislative changes, ranging from employment contracts to payroll.

About This Category

News: An explanation of the process of payroll withholding of federal, state and local income taxes and Social Security and Medicare (FICA) taxes.