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2018 IRS Income Tax Changes
2018 IRS Income Tax Changes
As a result of the revised income tax withholding tables released by the IRS in February 2018, many HSD employees have seen an increase in their net (“take home”) pay. While HSD cannot advise on W4 changes, staff are encouraged to consult with their tax professional to ensure they are withholding at appropriate levels for 2018.
Staff can use the IRS Withholding Calculator to perform a quick “paycheck checkup” to verify their withholding and help protect against having too little or too much tax withheld and facing an unexpected tax bill or penalty at tax time in 2019.
The withholding changes do not affect 2017 tax returns due this April. However, having a completed 2017 tax return can help taxpayers work with the Withholding Calculator to determine their proper withholding amount for 2018 and to avoid issues when they file next year.
Please login to the iVisions Employee Self-Service Portal and select “Employee Tax Forms” to view your current withholding elections. If you would like to change your elections, select the “Click to Fill Out Tax Forms” button on the webpage to complete and submit new forms. If you would like to view the impact to your pay for payroll deduction variables, select “Employee Pay” from the Pay/Tax Information drop-down menu and click on “Paycheck Calculator” in the lower, left-hand corner of the page.