New 2018 Payroll Tax updates

Based on the IRS Tax Cuts and Jobs Act that recently went into effect, changes were made that will impact individual taxpayers in 2018.

- The IRS issued new withholding tables on Jan. 11, 2018, that are included in the IRS Notice 1036, which can be found at https://www.irs.gov/pub/irs-pdf/n1036.pdf.
- These new withholding tables are designed to be used in conjunction with previously filed W-4 Forms.
- New W-4 Forms are not required, but if you would like to make changes to your personal federal tax withholding, Human Resources forms are located at http://webs.wichita.edu/?u=humanresources2&p=/forms/index/.
- The new federal tax rates will be in effect for the Feb. 9, 2018, pay date.
- Changes for the Feb. 9, payroll must be submitted to HR by noon Monday, Jan. 29, otherwise changes received thereafter will be entered for the next available payroll cycle. Forms may be hand delivered to Human Resources or faxed to 316-978-3201.
- If you have questions on how these changes will impact your income, please consult your tax professional.
- The 2018 Kansas withholding tax rates remain unchanged

If you have any other questions, please contact the payroll office at 316-978-3074.