IRS Changes Income Tax Withholding Tables for 2013 to Reflect Expired Tax Cuts
The Internal Revenue Service released new income tax withholding tables for 2013 late Monday to reflect the expiration of the 2001 and 2003 Bush tax cuts and the more recent payroll tax cuts of 2011 and 2012, but noted that the guidance would be modified if Congress acts. (Note: Since this story was written, fiscal cliff legislation was, in fact, passed, and the IRS updated the income tax withholding tables again; see "IRS Updates Withholding Guidance for 2013.")
All Accounting Today articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, blog discussions, and conference discounts. Registered members may also choose to receive our exclusive Tax Pro Today e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.