Meet the new version of the IRS withholding tables for 2022
It was on the 23rd of February that the new IRS withholding tables were published through Orders 2390-A/2022 and 2390-B/2022.
These tables refer to taxpayers residing in the Autonomous Region of the Azores and Mainland.
When are they applied?
Although these documents were published in February, these tables are applicable to salaries in March and following months.
The benefits for the taxpayer
The benefits for the taxpayer are essentially in terms of the reduction of withholding tax, by increasing the levels of each percentage. The greatest impact applies to couples where there is only a single earner.
In addition to these advantages, there are other adjustments to the tables to correct situations in which taxpayers ended up receiving less net salary in 2022 than in 2021.
To view and download the documents, click on the links below:
