By Payroll and Entitlements Editorial Staff
The IRS has issued a third draft of the 2020 withholding tables. In this third early release draft of Pub. 15-T, the Percentage Method and Wage Bracket Method computations of withholding have not changed from the second early release posting.
The draft expands on the first two drafts by including a discussion on the alternative methods of withholding, information about withholding on distributions of Indian gaming profits to tribal members, and information on withholding on periodic payments of pensions and annuities.
Although the final Publication 15-T will not be posted until December because some dollar amounts cannot be figured before late November, there will be no further substantive changes to the Percentage or Wage Bracket Method.
Comments can be submitted to [email protected] by November 15, 2019. (2020 Publication 15-T, Federal Income Tax Withholding Methods, November 4, 2019.
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