1. IRS proposes update to income tax withholding rules

    The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator.

    The aim to take into account the redesigned , Employee’s Withholding Certificate, and the accompanying tables and computational procedures in , Federal Income Tax Withholding Methods.

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