Law Changes for 2018 Affect Withholding
The Tax Cuts and Jobs Act made major changes to the tax law. Because of this, you should do a paycheck checkup using the Withholding Calculator on IRS.gov.
Recent changes affecting withholding include:
Reduced tax rates
Elimination of personal exemptions
Increased standard deductions: $12,000 for singles, $18,000 for heads of households and $24,000 for married couples filing jointly
Increased child tax credit: $2,000 per qualifying child and a new $500 credit for other qualifying dependents
Changes to itemized deductions
See IRS.gov/taxreform for more information.
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Through our payroll system, we can schedule, automatically archive and keep your payroll records for you..
This is already included in your payroll agreement with HR Ledger and is no additional cost. Please call Malcolm or Scott today at 800-451-1136.