Employees will get continue to get a break from telling their employer about life events that change the amount of tax that should be withheld from their paychecks.
The reprieve—from the usual 10-day time limit—applies to individuals whose tax status changed specifically because of measures in the 2017 tax law. The agency will continue the exemption through April 30, it said Nov. 26 in Notice 2018-92.
The agency had offered a temporary exemption in January, after tax reform. The latest extension comes as the Internal Revenue Service is still years away from redoing Form W-4, Employee’s Withholding ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.