Federal withholding off
I am finding little or greatly reduced federal withholding - nowhere close to being in line with tax tables since the 3/12 update. Does anyone have any answers?
I am finding little or greatly reduced federal withholding - nowhere close to being in line with tax tables since the 3/12 update. Does anyone have any answers?
Hi donnat752, thanks for the question! On 3/12, we released a payroll update that contained new federal tax tables for withholding based on the changes signed into law with the American Recovery and Reinvestment Act. Among other changes, the biggest was a reduction to the amount of federal withholding coming out of employee paychecks.
Here is a link with some info on the changes and what has changed in QuickBooks: http://payroll.intuit.com/supp...
The IRS also published a new Publication 15 that shows the updated tax tables, that is available here: http://www.irs.gov/pub/irs-pdf...
Hope this helps! If it does, please mark this as Helpful or Solved, otherwise post a follow-up question. Thanks!