How much of a difference will the new tax tables make in the net (take home) amount of my benefit?
The change in your take home amount depends on your individual income situation. The difference may range from $0 to $70. For your convenience, a tax calculator with the new tables is available on our website. We also left the old tax calculator on our website so you can see the difference in the calculation between the old and the new withholding tables. Remember, you don’t have the option to use the old tax tables for withholding purposes. Examples of Federal Withholding Difference Between Current Tax Table and the New Tax Table Benefit Amount Single with 0 allowances Single with 1 allowance Married with 1 allowance Married with 2 allowances $500.00 Current $27.90 New $0.00 Current $0.00 New $0.00 Current $0.00 New $0.00 Current $0.00 New $0.00 $1,000.00 Current $84.55 New $46.85 Current $47.48 New $9.78 Current $2.88 New $0.00 Current $0.00 New $0.00 $1,500.00 Current $159.55 New $121.85 Current $113.92 New $76.22 Current $52.88 New $0.00 Current $22.47 New $0.00 $2,000.00 Current $
