Federal Withholding tax tables 2020
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Federal Withholding tax tables 2020
With the new W-4 requirements in 2020 for new hires, should I create new tax tables for new hires who check w-4, box 2 (i.e., federal: single, federal: married/jointly) in payroll module with the updated rate schedule? Or will my old federal tax tables suffice, assuming updated to 2020 STANDARD withholding schedule, and PC+ updated to V12.2, 12/19/2019?
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Re: Federal Withholding tax tables 2020
Unfortunately, you will need to set up the appropriate tables for the check box employees vs. those using the standard rates.
Re: Federal Withholding tax tables 2020
There are links to instructions about the 2020 Tax Table Requirements in the Accounting category's announcements.
Neil Zampella
Using PC+ since 1999.
Using PC+ since 1999.