New IRS regulations require Extensis to start accumulating the Federal Taxable Wage Thresholds for Social Security, FUTA, and Excess Medicare on a client legal entity basis.
View the 2019 Holiday Payroll Processing Calendar.
New Jersey’s hourly minimum wage would rise to $10 on July 1 from $8.85.
Effective March 29, 2019, Michigan’s hourly minimum wage is to rise to $9.45 from $9.25, and its tipped-worker wage is to rise to $3.59 from $3.52.
The 2019 percentage method federal income tax withholding tables were issued Dec. 11 by the Internal Revenue Service in Notice 1036.
A final, updated version of Form W-4, Employee’s Withholding Allowance Certificate, was released Dec. 11 by the Internal Revenue Service.
New Jersey’s unemployment insurance tax rate for employees is to be unchanged for 2019. Employee tax rates for temporary disability insurance and family leave insurance are to decrease.
Withholding tables for New York state and the city of Yonkers were released Nov. 30. The tables implement tax rate decreases specified for 2019.
Inflation adjustments for several tax provisions for use on 2019 tax returns were released by the IRS. The monthly limit for qualified transportation fringe benefits is to increase.
Most pension plan amounts are scheduled to increase for 2019. The contribution limit for employees who participate in Section 401(k) plans is to increase by $500.
The Social Security wage base increases for 2019. The 2019 amount exceeded the SSA projection by $600.
Employers in Philadelphia are to implement reduced withholding of its wage tax from workers in the city starting July 1, 2018, the city's Department of Revenue said June 21.
The 2018 Form W-4, Employee’s Withholding Allowance Certificate, released Feb. 27 by the Internal Revenue Service, applies the same general approach to determining withholding allowances as the 2017 form. The form retains personal allowances for 2018, although personal exemptions were eliminated in the new tax law.
The 2017 Forms W-4 that employees already have filed may be used by employers in conjunction with the new tax law based on upcoming guidance from the Internal Revenue Service, the agency said Dec. 26.
The Social Security Administration on Nov. 27 lowered the 2018 Old-Age, Survivors and Disability Insurance taxable wage base to $128,400 from $128,700, which was announced Oct. 13.
The 2018 withholding tables for New York state, New York City, and Yonkers were released Nov. 21 by the state's Department of Taxation and Finance.
Each year, the agency publishes inflation adjustments for more than 50 tax provisions. The latest adjustments are to be used on 2018 tax returns filed in 2019.
The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans in 2018 is to increase to $18,500 from $18,000, the Internal Revenue Service said Oct. 19.
The Old-Age, Survivors and Disability Insurance taxable wage base is to increase to $128,700 in 2018, up from $127,200 in 2017, the Social Security Administration said Oct. 13.