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<\/a><\/p>\nThe new withholding tax tables will reduce the amount of IRS withheld from salaries and pensions, resulting in an increase in net income<\/strong> for workers and pensioners. This increase will be felt in September and October, with lower retention rates to compensate for what was retained until August.<\/span><\/p>\n Will apply to all taxpayers who receive income from dependent employment (salaries) or pensions. In September and October, but the rates will be lower or, in many cases, zero<\/strong>. For example, for single or married taxpayers with two taxpayers, withholding will be zero for salaries of up to 1,175\u20ac<\/strong> and pensions of up to 1,202\u20ac<\/strong>.<\/span><\/p>\n Starting in November, retention rates will be adjusted again but will still be lower than those applied until August<\/strong>.<\/span><\/p>\n If the paying entity is unable to apply the new tables in September, the excess amount withheld must be deducted<\/strong> from the Income Tax to be withheld in October, or in the following months until the end of the year.<\/span><\/p>\n To clarify all issues related to the day-to-day human resources of your company, Nominaurea<\/a> has qualified professionals who are available to help you. Contact us<\/a>!<\/span><\/p>\n