Earlier this month, the IRS released Notice 1036, Early Release Copies of the 2017 Percentage Method Tables for Income Tax Withholding. Employer’s can use the tables to determine the amount of income tax to withhold from an employee’s pay instead of using the wage bracket method withholding table.
The chart below lists the withholding allowances amounts for 2017 which are to be used when calculating withholdings using the percentage method. The wage amounts shown are net wages after total withholding allowances have been deducted. The withholding allowances for 2017 have not changed.
Daily or miscellaneous (each day of payroll period): $15.60
For more information, visit IRS Notice 1036