Withholding on qualified overtime compensation: For tax years beginning after 2024 and ending before 2029, P.L. 119-21 allows ...

In 1943, Congress passed the Current Tax Payment Act, which requires employers to withhold federal taxes from employees’ wages and remit them to the federal government. This introduced the W-4 Form.

New tax changes and delayed withholding make the 2026 tax season one of the most lucrative for millions of Americans.