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jswymer merged 3 commits into from
Jan 27, 2025
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Update US19JanTaxR1.md #810

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0b2bb0f
Update US19JanTaxR1.md
theley502 Jan 17, 2025
d07e016
Add note about Louisiana state tax update
jswymer Jan 27, 2025
797ceae
Add withholding rates and exemptions for various filing statuses.
jswymer Jan 27, 2025
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36 changes: 19 additions & 17 deletions dynamics-gp/payroll/US19JanTaxR1.md
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Expand Up @@ -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

Expand All @@ -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
Expand Down Expand Up @@ -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.
Expand All @@ -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 |
Expand Down Expand Up @@ -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:

Expand Down Expand Up @@ -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 |
Expand All @@ -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 |
|-------------|------------------|----------------|--------------|--------------------|
Expand All @@ -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 |
|-------------|------------------|----------------|--------------|--------------------|
Expand Down Expand Up @@ -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 |
Expand All @@ -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 |
Expand Down Expand Up @@ -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 |
Expand All @@ -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 |
Expand Down Expand Up @@ -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 |
Expand All @@ -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 |
Expand All @@ -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 |
Expand All @@ -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 |
Expand All @@ -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 |
Expand All @@ -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 |
Expand Down