Two 2020 employer tax guides that include guidance on the revised income withholding certificate were released Dec. 23 by the Internal Revenue Service.
The 2020 versions of Publication 15, (Circular E), Employer’s Tax Guide), and Publication 15-A, Employer’s Supplemental Tax Guide, offer guidance on other aspects of the federal tax code overhaul (Pub. L. 115-97) that took effect Jan. 1, 2018.
In previous years, Publication 15 included federal income tax percentage-method withholding tables, which detailed how to calculate taxable wages, how to remit withheld amounts, and how to report wages and taxes to the federal government. Wage-bracket method ...
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