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Employer Withholding Information Guide REV 415 Scorecpa Org

Employer Withholding Information Guide REV 415 Scorecpa Org

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hi let's learn about the IRS publication 15 employers tax guide IRS publication 15 employer tax guide is a document published by the Internal Revenue Service detailing an employers responsibilities for filing and Reporting tax information the document covers the withholding depositing reporting paying and correcting of taxes for employees IRS publication 15 is also referred to as circular E IRS publication 15 is used to determine federal income tax but not state or local taxes the tax guide details federal income tax amounts for payroll withholdings including Medicare and Social Security amounts employers should refer to their states tax rules to ensure that proper state income tax amounts are withheld from employees paychecks extra tax information is also available in IRS publication 15 previously one of the most important features contained in the employer tax guide was the percentage method tables and wage bracket method tables for income tax withholding however for the 2020

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