New IRS assistant helps employers withhold the right amount of income tax
• The IRS has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers’ pay.
• Now available for download, without charge, on IRS.gov, the Income Tax Withholding Assistant for Employers, is designed to help any employer who would otherwise figure withholding manually, using a worksheet and either the percentage method or wage bracket tables found in Publication 15-T, Federal Income Tax Withholding Methods.
• Employers who already use an automated payroll system won’t need this new assistant because their system already does the math.
