Payroll Tax Issue in Limbo

The IRS issued the following statement on Friday (12/21) regarding payroll withholding tables:

“We are aware that employers have questions with respect to 2013 withholding. Since Congress is still considering changes to the tax law, we continue to closely monitor the situation. We intend to issue guidance by the end of the year on appropriate withholding for 2013.”

We will continue to monitor this and other issues that are before Congress over the next week.