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December 4, 2019
IRS issues early release of the 2020 percentage method tables for automated payroll systems
The IRS has issued an early release of the 2020 annual percentage tables. Later this month, the IRS will publish the final Publication 15-T, Federal Income Tax Withholding Methods and Publication 15 (Circular E), Employer's Tax Guide.
As explained in draft Publication 15-T, for 2020 and later years, there are two tables used to compute federal income tax withholding:
These updated income tax withholding tables are designed to work with the extensive changes being made to the 2020 Form W-4. The final 2020 Form W-4 will be released by the IRS later this month.
The 2020 annual percentage withholding tables for automated payroll systems are reproduced in the attachment.
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