Press Room
 

FROM THE OFFICE OF PUBLIC AFFAIRS

May 22, 2003
JS-416

Withholding Changes
Under the Jobs and Growth Tax Relief Reconciliation Act of 2003

Workers will not need to take any action to have their withholding adjusted. 

·      Their paychecks should reflect the tax relief as soon as employers and payroll processors implement the new withholding tables.

·      Employers should implement the withholding reductions as soon as they receive the new withholding materials.

Revised withholding information will be:

o       Posted on the IRS web site on date the bill is signed.

o       Mailed to all employers by mid-June.