A second draft of the 2023 federal income tax withholding methods was released Dec. 14 by the Internal Revenue Service.
The second draft of the 2023 Publication 15-T, Federal Income Tax Withholding Methods, includes the 2023 tax brackets and amounts in the withholding rate schedules and wage-bracket tables. The first draft used the 2022 values for illustrative purposes. A spreadsheet included with the publication also contains the 2023 tax brackets and amounts.
Compared to the first draft and prior-year versions, the second draft also has expanded sections on general requirements for employers allowing electronic submission or paper substitutes for ...
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