By Payroll and Entitlements Editorial Staff
The IRS has issued percentage method withholding tables for wages paid on and after January 1, 2019. The wage-bracket withholding tables will be released in the near future. All of the tables will be reproduced in the Payroll Management Guide beginning at ¶11 in a future release. The annual exemption value is $4,200. The IRS also released Form W-4, Employee’s Withholding Allowance Certificate. The supplemental wage rate for payments that are $1 million or less is 22%. The rate for payments of more than $1 million is 37%. For the latest information about any future developments related to Form W-4, such as legislation enacted after it was published, go to www.irs.gov/FormW4. (IRS Notice 1036, Revised December 2018; 2019 Form W-4, Employee’s Withholding Allowance Certificate.)
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