Broker Check

IRS launches new tax withholding tool

| February 28, 2018
Share |

As a result of changes to personal income taxes due to the Tax Cuts and Jobs Act, the IRS launched it's new calculator for personal income tax withholding today.  Treasury Secretary Steven Mnuchin announced the release of the online tool at a press conference today.  The new legislation has increased the standard deduction, done away with personal exemptions and trimmed income tax rates for most taxpayers.  You can check out the new tool here:

https://www.irs.gov/individuals/irs-withholding-calculator

Share |