diff --git a/dynamics-gp/payroll/US19JanTaxR1.md b/dynamics-gp/payroll/US19JanTaxR1.md index 97cbe7de..b1331484 100644 --- a/dynamics-gp/payroll/US19JanTaxR1.md +++ b/dynamics-gp/payroll/US19JanTaxR1.md @@ -6,7 +6,7 @@ author: theley502 ms.topic: article ms.reviewer: jswymer ms.author: theley -ms.date: 1/9/2025 +ms.date: 1/17/2025 --- # U.S. 2025 Payroll Tax Update @@ -31,7 +31,7 @@ Check out these blogs for detailed documentation on how you calculate payroll ta ## Changes in January Round 2 update (Target Release 1/21/2025) - Arkansas -- Louisiana +- Louisiana - code change required - Minnesota - Montana - North Carolina @@ -100,6 +100,9 @@ Tax Type rates for Filing Status NA: - Standard Deduction for SM1 $12,500 - Standard Deduction for M2 $25,000 +> [!NOTE] +> If you have employees set up to withhold Louisiana state tax, when you apply this update, you must also apply the [January 2025 Hotfix (code) for the Louisiana state](/dynamics/s-e/gp/mdgp2018_patchreleases_377) > taxes to be correct for the year 2025. + ### Withholding changes for Minnesota The Personal Exemption amount is \$5,200 for all Filing Status. @@ -109,7 +112,7 @@ Withholding rates for taxpayers filing as *MAR*: | If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 14,300 | 0 | 0% | 0 | -| 14,300 | 61,920 | 0 | 5.35 | 14,300 | +| 14,300 | 61,920 | 0 | 5.35% | 14,300 | | 61,920 | 203,480 | 2,547.67 | 6.80% | 61,920 | | 203,480 | 344,710 | 12,173.75 | 7.85% | 203,480 | | 344,710 | And Over | 23,260.31 | 9.85% | 344,710 | @@ -213,7 +216,6 @@ Special Tax Type rates for MS3 Filing Status: | 269,999 | 279,999 | 3,400 | 0% | 0 | | 279,999 | 289,999 | 1,700 | 0% | 0 | | 289,999 | And over | 0 | 0% | 0 | -| | | | | | Special Tax Type rates for S2 and S3 Filing Status: @@ -266,7 +268,7 @@ For all Filing Status the Personal Exemption ($1,000) wage limit increased to $2 Withholding rates for taxpayers filing as *MAR* and *SINGLE*: -| If Over | But Not Over | Tax Amount | Tax Rate| On Excess Over| +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 79,900 | 0 | 3.75% | 0 | | 79,900 | 181,650 | 2,996.25 | 4.75% | 79,900 | @@ -277,7 +279,7 @@ Withholding rates for taxpayers filing as *MAR* and *SINGLE*: The Personal Exemption amount is $5,300 -Withholding rates for taxpayers filing as *MAR* +Withholding rates for taxpayers filing as *MAR*: | If Over | But Not Over | Tax Amount| Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| @@ -287,7 +289,7 @@ Withholding rates for taxpayers filing as *MAR* | 210,925 | 315,475 | 10,482.45 | 7.60% | 210,925 | | 315,475 | And Over | 18,428.25 | 8.75% | 315,475 | -Withholding rates for taxpayers filing as *SINGLE* +Withholding rates for taxpayers filing as *SINGLE*: | If Over | But Not Over | Tax Amount| Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| @@ -462,7 +464,7 @@ Withholding rates for taxpayers filing as *HOH*: Withholding rates for taxpayers filing as *MAR1* and *MAR2*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 21,512 | 0 | 1.1% | 0 | | 21,512 | 50,998 | 236.63 | 2.2% | 21,512 | @@ -477,7 +479,7 @@ Withholding rates for taxpayers filing as *MAR1* and *MAR2*: Withholding rates for taxpayers filing as *SINGLE*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 10,756 | 0 | 1.1% | 0 | | 10,756 | 25,499 | 118.32 | 2.2% | 10,756 | @@ -627,7 +629,7 @@ Withholding rates for taxpayers filing as MAR, Tax table type: Special table type: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over| +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 200,050 | 0 | 0 | 27,150 | | 200,050 | 350,050 | 150,000 | 0 | 0 | @@ -645,7 +647,7 @@ Special table type: Withholding rates for all filing status: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 1,313 | 0 | 0% | 0 | | 1,313 | 2,626 | 0 | 2.0% | 1,313 | @@ -689,7 +691,7 @@ Withholding rates for taxpayers filing as *SINGLE*: Withholding rates for taxpayers filing as *MAR*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 15,000 | 0 | 0% | 0 | | 15,000 | 23,000 | 0 | 1.5% | 15,000 | @@ -704,7 +706,7 @@ Withholding rates for taxpayers filing as *MAR*: Withholding rates for taxpayers filing as *SINGLE*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 7,500 | 0 | 0% | 0 | | 7,500 | 13,000 | 0 | 1.5% | 7,500 | @@ -719,7 +721,7 @@ Withholding rates for taxpayers filing as *SINGLE*: Withholding rates for taxpayers filing as *HOH*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 11,250 | 0 | 0% | 0 | | 11,250 | 19,250 | 0 | 1.5% | 11,250 | @@ -736,7 +738,7 @@ Withholding rates for taxpayers filing as *HOH*: Withholding rates for taxpayers filing as *MARH*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 12,700 | 0 | 0% | 0 | | 12,700 | 14,700 | 0 | .25% | 12,700 | @@ -748,7 +750,7 @@ Withholding rates for taxpayers filing as *MARH*: Withholding rates for taxpayers filing as *SINGLE*, *MFS*, *MAR2*: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 6,350 | 0 | 0% | 0 | | 6,350 | 7,350 | 0 | .25% | 6,350 | @@ -765,7 +767,7 @@ Withholding rates for taxpayers filing as *SINGLE*, *MFS*, *MAR2*: Tax Type rates for all Filing Status: -| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | +| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | |-------------|------------------|----------------|--------------|--------------------| | 0 | 3,560 | 0 | 0.0% | 0 | | 3,560 | 17,830 | -106.80 | 3.0% | 0 |