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IRS releases tax withholding tables for 2018

The new tables reflect the increase in the standard deduction, repeal of personal exemptions and changes in tax rates and brackets under the new tax law.

By Melanie Waddel | Updated on January 12, 2018

The Internal Revenue Service released Thursday the updated 2018 withholding tables reflecting enactment of the new tax law, the Tax Cuts and Jobs Act.

House Ways and Means Chairman Kevin Brady, R-Texas, and Treasury Secretary Steve Mnuchin stated that nine out of 10 taxpayers will see a boost in their take-home pay within the coming weeks.

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