18.3 - Payroll Taxtable Update Version 2023.00

Issue No: PR-2962
Created 12/18/2022 8:37:46 AM
Type Feature
Priority Critical
Status Closed
Resolution Fixed
Fixed Version 18.3
Description *This issue relates to i21 Help Desk ticket:* [ HDTN-283469 - Update Payroll Tax Table 2023|https://helpdesk.irely.com/iRelyi21live/#/HD/Ticket/?ticket=HDTN-283469]   *TO DO*   18.3 should just be done through manual patch   for the rest of the versions, it needs to be on a build.   tax tables are attached.     *{color:#424242}2023.00 Updates{color}*   {color:#424242}The IRS finally released the Federal Withholding tables late on Thursdah. You will see below there are several states which have not updated tables but are expected to. So we will almost certainly have one or more additional releases this year as these become available.{color} {color:#424242}Federal - All Federal tables (withholding, nonresident alien, medicare, social security, Futa) are updated to 2023{color} {color:#424242}States completed with simple inflation updates{color} {color:#424242}California, Colorado, Iowa, Georgia, Iowa, Maine, Minnesota, Mississippi, Missouri, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, Rhode Island, South Carolina,{color} {color:#424242}States completed with rate changes{color} {color:#424242}Colorado – rate decreases to 4.4% from 4.55%{color} {color:#424242}District of Columbia - Didn’t actually change withholding tables, instead said for this year payroll should use actual tax brackets pending later release of wilthholding brackets{color} {color:#424242}Indiana – rate decreases form 3.23% to 3.15%{color} {color:#424242}Kentucky – rate decrease from 5.0% to 4.5%{color} {color:#424242}Maryland – state rate unchanged but two counties went to graduated tax based on taxable income{color} {color:#424242}New York: significant changes to high incomes (e.g. Single, 1 exemp tax of $78784 for income of $1085959 but tax of $112603 for income of $1085950). New York City tax did not change{color} {color:#424242}North Carolina rate goes from 5.09% to 4.85%{color} {color:#424242}States completed with no changes{color} {color:#424242}Alabama, Arkansas, Connecticut, Delaware, Hawaii, Idaho, Kansas, Louisiana, Massachusetts, New Jersey, Pennsylvania, Puerto Rico, Utah, Virginia, West Virginia, Wisconsin{color} {color:#424242}States completed with changes calling software should be aware of{color} {color:#424242}Arizona - Doesn’t change our function but note that state has changed allowed withholding percentages employee may specify on state W4{color} {color:#424242}States we are rolling over 2022 tables but expected changes at some time{color} {color:#424242}Illinois, Michigan, Ohio (local update expected), Oregon, Vermont,{color} {color:#424242}SUI wage base is updated for all states except Rhode Island{color} {color:#424242}Family Leave – Colorado and Oregon added to Family Leave. See online documentation{color}