IRS publishes new tax tables

The Internal Revenue Service has issued a revised set of tax-withholding
tables which has the potential to reward workers with higher wages in the

The tax tables are inclusive of the new Making Work Pay refundable tax
credit, according to

Doug Shulman, commissioner of the IRS, said the the additional credit will
automatically start showing up in taxpayers’ paychecks in the spring.

‘Since employers and payroll companies will handle this change, people
typically won’t need to take any additional action. The IRS will continue
working to implement this and other provisions of the new law as quickly as
possible,’ he said in a statement.

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