09 January 2018 Significant payroll changes are expected as states consider conformity with the Tax Cuts and Jobs Act of 2017 Employers are by now aware of the significant federal impact of the Tax Cuts and Jobs Act of 2017 (TCJA); however, the greater administrative burden lies ahead as states (and localities) grapple with conformity. Close to half the states requiring income tax withholding on wages are automatically coupled with the federal Internal Revenue Code (IRC) while other states require periodic legislative approval, usually annually. Document ID: 2018-0039 |
