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This publication supplements Pub. 15, Employer's Tax Guide. It describes how to figure withholding using the Wage Bracket Method or Percentage Method, describes the alternative methods for figuring withholding, and provides the Tables for Withholding on Distributions of Indian Gaming Profits to Tribal Members.
Pub. 15-T, such as legislation enacted after it was published, go to IRS.gov/Pub15T. What’s New IRS Tax Withholding Estimator updated for 2024. Em-ployees and payees may now use the IRS Tax Withholding Estimator, available at IRS.gov/W4App, when completing their 2024 Form W-4, Employee's Withholding Certificate,
Pub. 15-T includes the federal income tax withholding tables and instructions on how to use the tables. Most employers must withhold (except FUTA), deposit, report, and pay the following employment taxes.
In late November, the IRS released a worksheet containing the tax tables that will be included in the 2024 Publication 15-T, Federal Income Tax Withholding Methods. Although a full draft of Publication 15-T is not available yet, the IRS released data for the percentage method and wage bracket method tables. On the December 7 payroll industry ...
Once you have an employee’s Form W-4 information, refer to the federal income tax withholding tables in IRS Publication 15-T, which include: Percentage method tables for automated payroll systems; Wage bracket method tables for manual payroll systems with Forms W-4 from 2020 or later
Publication 15-T describes how to figure federal income tax withholding using the percentage method and the wage bracket method and describes alternative methods for figuring withholding. The publication explains how to withhold income tax based on pre-2020 Forms W-4 and 2020 or later Forms W-4.
2024 Percentage Method Tables for Automated Payroll Systems and Withholding on Periodic Payments of Pensions and Annuities. Publication 15-T (2024) 11.