Draft federal income tax withholding tables for 2022 were issued Nov. 30 by the Internal Revenue Service.
The draft tables, which generally were adjusted for inflation, are to be included in the draft 2022 Publication 15-T, Federal Income Tax Withholding Methods. The document includes percentage and wage-bracket withholding method tables for use with Forms W-4, Employee’s Withholding Certificate, from 2020 and later, as well as Forms W-4 from 2019 and earlier.
The value of an annual withholding allowance is to be $4,300 in 2022, for calculations using Forms W-4 issued in 2019 and earlier. The amount was not indexed .
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