Paychecks to reflect federal tax reform changes

Payroll has received the 2018 federal income tax withholding tables that reflect the tax reform legislation passed by Congress in December.

Changes to the amount of federal tax withheld will be reflected in the Jan. 31 paycheck of Cornell employees paid semimonthly and Feb. 8 for those paid biweekly.

Employees do not need to update their withholding allowances on Form W-4 at this time. The IRS is working to update its withholding calculator tool by the end of February and encourages all taxpayers to check their withholding in response to the new tax tables once the new tool is available. The IRS has an FAQ about the withholding tables on its website.

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