Yesterday the Internal Revenue Service has released Notice 1036 updating the income-tax withholding tables as a result of the tax reform legislation enacted in December. This will be the first in several updated they will improve the accuracy of 2022 withholdings. Here is what your small business needs to know about the new IRS 2022 withholding tables and guidelines.The IRS Releases New 2022 Withholding TableImplementation of 2022 Withholding TableYou should be using the new 2022 withholding tables as soon as possible but no later than February 15th. However, before you implement the 2022 withholding tables continue to use the 2022 guidelines.Future Form W-4 RevisionsLater on this year the IRS plans to revise Form W-4 because this form is ultimately used to determine how much of their paycheck is withheld toward income taxes. Notice 1036 should help to minimize the burden on taxpayer and employers. At this time employees are not required to do anything.2022 Vs. 2022 Withholding TableThe new law passed last month made several changes to the established tax plan including an increase in standard deductions, the repeal of personal exemptions, and updates in tax rates and brackets.The new 2022 withholding tables should result in the correct amount of tax withholdings. Ideal this will mean not too much or too little. The IRS will be revising the withholding tax calculator on their website by the end of February. So your employees can understand their new withholdings.2022 Withholding Table DetailsEmployee portion of Social Security: 6.2% with a taxable wage of $128,400Employee portion of Medicare: 1.45% with no wage base limitMedicare Surtax: .9% which exceeds $200,000 or $250,000 for married taxpayersI hope this was helpful. I have also included links to the tax withholding tables: For more information click here:IRS 2022 Withholding Tables