Payroll Withholdings and the New Federal Tax Law

National Council of Nonprofits reports that the new federal tax law will impact nonprofit employee paychecks. In an effort to better understand this issue, we have included some resources below to help Vermont nonprofits with Payroll witholdings.

What employers should know:

  • Early release of witholdings tables: The IRS is issuing new tax withholding tables for employers and payroll administrators to use in calculating paycheck deductions
  • Due to the elimination of many exemptions — personal allowances for employees and their spouses and children — employees should sign a new W-4 form

For more information: 

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