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TAX UPDATE
Version 2018.1.1 contains changes in state withholding tax formulas for the following states/districts:
- California
- District of Columbia
- Illinois
- Kentucky
- Maryland
- Maine
- Minnesota
- Mississippi
- Missouri
- New York
- Rhode Island
- South Carolina
This update will also include changes to the following federal tax withholding:
- Federal Withholding Rate: The withholding allowance amounts by payroll period have been updated and increased over 2017 rates. The tax rates for the brackets have also been adjusted where applicable.
- Social Security Wage Base & Tax Rate: The social security wage base limit has been increased from $127,200 in 2017 to $128,400 in 2018.
- Updated Credit Reduction Rates: The FUTA Credit Reduction Rates have been updated for the following states: California and Vermont.
- Withholding for Non-Resident Alien Employees: The withholding adjustments for nonresident alien employees have been increased.
- Updated 941 Worksheet: The 941 worksheet has been updated to reflect current FICA rates for 2018.
- Users can now track the YTD earning hours and amount along with the YTD leave hours accrued and taken on the check/voucher with Forms Designer and Reprint Pay Stubs.
- Users can now specify the pay code title on the check/voucher with Forms Designer and Reprint Pay Stubs.
- The South Carolina Occupation Code will be supported and provided to the eFiling and Electronic Payments by Aatrix®.
- This release also includes the published federal and state tax changes for 2017 and 2018.
- Many quality updates with HR/EWS/Payroll are included in this release.
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