2017 FEDERAL WITHHOLDING
TABLES
(As of December 15, 2016)
The following withholding tables are based on the “early release”
tax information available to SkilMatch as of December 15, 2016. SkilMatch will notify you if there are
changes to the 2017 FIT tax table (the new President and Congress may change
withholding early in 2017).
NOTE: The Federal Government only
provides tax tables for Married and Single (no tables for Head of
Household). Although the IRS allows
users to file tax returns as Head of Household, there is no table. Your staff must use the guidelines for Head
of Household on the form W-4 to assist with employee withholdings.
NOTE: Tax table changes are
effective for the company number entered.
You will need to REPEAT the setup
for ALL company numbers for which
you are calculating payroll taxes. Tax
tables will be effective for both Temp and Staff for this company number.
LEGAL DISCLAIMER and Customer
Responsibilities:
When SkilMatch staff
or a SkilMatch program provides information, data, calculation, tax tables,
magnetic media or paper reporting to SkilMatch customers, a “best efforts”
attempt has been made by SkilMatch to verify that the information is correct as
SkilMatch understands it or as it has been explained to SkilMatch. SkilMatch-provided tax tables and reporting
are provided to assist customers in setting up your tax table records and to
assist customers in reporting to government authorities. Tax laws and requirements change frequently
and it is a customer’s responsibility to verify the accuracy of all
SkilMatch-provided information and reporting with your tax advisor, accountant
and/or attorney.
SkilMatch attempts
to monitor for tax table and reporting changes. However, when a customer receives ANY notification of change from
a taxing authority, SkilMatch should be notified. SkilMatch depends on customers who are closest to the taxing
authorities to provide information that will affect their businesses. Any and all written, verbal or electronic
information provided by SkilMatch regarding tax tables and government reporting
(1) is meant to provide general information about the payroll process, (2) is
not intended to provide tax or legal advice, (3) is not intended to address,
and is not meant to address, the entire body of federal, state and local law
and regulation governing the payroll process, payroll taxes, government
reporting or employment law. Such laws
and regulations change frequently and their effects can vary widely based upon
specific facts, circumstances and timing.
Each customer is responsible for consulting with a professional tax
advisor, accountant and/or attorney concerning its specific concerns and compliance.