IRS Releases Outdated Withholding Tables

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It has come to our attention that the withholding tables released by the IRS in IR-2012-105 and Notice 1036, on December 31, 2012, are based on the now obsolete tax rates, revised in the recent tax legislation.  We understand the IRS will review the tables and update them.  The notice does contain correct information on the return to the 6.2% rate for FICA.

The EDD has updated its withholding tables to include the tax increases contained in Proposition 30. You can find the EDD tables at: http://www.edd.ca.gov/Payroll_Taxes/Rates_and_Withholding.htm#CAWithholdingSchedules.

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