Draft federal withholding methods for 2024 were released Dec. 2 by the Internal Revenue Service.
The draft 2025 Publication 15-T, Federal Income Tax Withholding Methods, use 2024 tax brackets and amounts for illustrative purposes in the withholding rate schedules and wage-bracket tables, the IRS said. Included in the draft are the amounts that must be added to nonresidents’ wages before withholding is calculated, which will increase to $10,700 annually for Forms W-4 from 2019 or earlier and to $15,000 annually for Forms W-4 from 2020 or later, up from $10,300 or $14,600.
Tax brackets and amounts in effect for ...
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