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2013 Federal Tax Withholding Tables Released
On January 3, 2013, the IRS released the updated federal withholding tables for 2013 which reflect the tax changes included in the American Taxpayer Relief Act approved January 1. The Paycor system has been updated accordingly.
If Paycor clients have already processed a payroll dated in 2013, there is no need to make any adjustments. Any additional tax due or refund will be reconciled when you and your employees file your personal federal income tax returns in 2014.