Every year Prime Child Care implements the new income tax withholding tables into our Payroll module. We usually do this by the beginning of January to ensure withholdings for the next year are correct. However, due to the tax reform bill which was signed into law on December 22, the IRS has directed employers to continue using 2017 withholding tables through January of 2018. The IRS has announced the new guidelines should be available by February. Here is a link to the IRS
As always, you don’t need to do anything. Once the new withholding guidance information is published, we will update the tables used by Prime and payroll calculations will adjust accordingly.