The IRS will be recalculating and publishing new tax tables to go into effect this year. These updates will affect new hires as well as existing employees, so please take note.
For new employees, you will still need to use the 2017 W-4 form until the new one is published. Continue to check online to see when the form is updated here. For existing employees, they may notice a change in the calculation of their federal withholding after the tables are updated. This will affect the net amount of their check (take home pay).
Payroll Vault will continue to monitor all updates as they occur. Once the calculations are updated, our software will automatically update as well. Please feel free to contact us with questions.
