Sage have just released round one of their tax table updates for 2011. Due to late breaking tax changes you may need to download additional table updates if your local (or federal) government provides additional data on rates or changes after these tables have been downloaded.
UPDATE January 1, 2013: Click here for information on the latest Sage 100 ERP 2013 payroll tax updates
Here’s what the latest tables include (all information is per Sage’s online knowledgebase and subject to change – always verify rates and rules with your tax advisor or your states tax site. Schulz Consulting is NOT in the business of rendering tax or accounting advise and disclaims all results from use of the information below. THE INFORMATION CAN CHANGE FREQUENTLY – ALWAYS VERIFY THAT YOU HAVE THE LATEST CORRECT DATA).
Changes include:
Federal Withholding tables updated as of 12/23/2010 (Tip: Always check the first payroll run manually)
Federal Dependent Exemption – $ 3,700
Federal Non-Resident Alien Wage adjustment increase – $2,100
Federal EMPLOYEE FICA rate decrease to 4.2%
Federal EIC Advance payment of earned income credit (EIC) expries 12/31/10
STATES
Hawaii – Dependent exemption increase to $1,144
Maryland – Withholding tax tables changed per rules
Maine – Revised: Nonresident alien wage adjustment for married decreases – $5,800
North Dakota – Withholding tax tables changed per rules
North Dakota – Dependent exemption increase
Oklahoma – Withholding tax tables changed per rules
Changes Implemented 12/17/2010:
Alaska – Unemployment insurance wage base increase to $34,600
Alaska – Employee UI tax rate increase to .58%
Arizona – New filing status G – .8%
California – Withholding tax tables updated as of 12/17/2010
California – Standard deduction increase – $7,340 and $3,670
California – Personal exemption increase- 108.90
California – Low income exemption increase – 24,364 and 12,182
California SDI rate increase (taxable wage base remains $93,316 and 1.2%
Hawaii Temporary disability insurance wage base decrease Annual – 45,983.08 – Week – 884.29
Hawaii UI wage base decrease 34,200
Iowa UI wage base increase 24,700
Illinois UI wage base increase 12,740
Indiana UI wage base increase 9,500
Kentucky Standard exemption increase 2,240
Maine Withholding tax tables
Maine Filing Statuses added for Nonresident Alien – Single (NRS) and Nonresident Alien – Married (NRM)
Michigan Dependent exemption increase 3,700
Minnesota Withholding tax tables
Minnesota Withholding allowance increase 3,700
Mississippi UI wage base increase 14,000
Montana UI wage base increase 26,300
North Dakota UI wage base increase 25,500
New Hampshire UI wage base increase 12,000
New Jersey UI wage base decrease 29,600
New Jersey Temporary Disability Insurance (TDI) wage decrease 29,600
New Jersey Family Leave Insurance (FLI) wage base decrease 29,600
New Jersey Family Leave Insurance (FLI) contribution rate decrease .06%
New Mexico UI wage base increase 21,900
Nevada UI wage base decrease 26,600
Oklahoma UI wage base increase 18,600
Oregon Withholding tax tables
Oregon Filling Statuses added for wages over $50,000:
M1 Married
S2 Single with less than 3 allowances
S3 Single with 3 or more allowances
Oregon Dependent exemption increase 179
Oregon Standard deduction increase Married 3,960
Single 1,980
Oregon UI wage base increase 32,300
Rhode Island Withholding tax tables
Rhode Island Dependent exemption decrease 1,000
Rhode Island Supplemental rate decrease 5.99%
Rhode Island Temporary Disability Insurance (TDI) wage base increase 58,400
Rhode Island TDI rate increase 1.3%
South Carolina UI wage base increase 10,000
South Dakota UI wage base increase 11,000
Utah UI wage base increase 28,600
Vermont UI wage base increase 13,000
Washington UI wage base increase 37,300
Wisconsin UI wage base increase 13,000
Wyoming UI wage base decrease 22,300
LINKS:
Current list from Sage of all payroll tax table changes
Instructions on downloading the tax tables for MAS 90 and MAS 200 (These updates may be used for Library Master versions 4.x and 3.72, 3.73 and 3.74).
