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jswymer merged 9 commits into from
Jan 27, 2025
Merged

updates jan #811

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1748b21
Update CAN18YETax.md
theley502 Jan 16, 2025
0b2bb0f
Update US19JanTaxR1.md
theley502 Jan 17, 2025
a0c8409
Fix broken link in CAN18YETax.md
jswymer Jan 27, 2025
5957c8d
Fix formatting for CPP and EI maximums
jswymer Jan 27, 2025
8947d5d
Add example for 2025 payroll maximum.
jswymer Jan 27, 2025
845a60a
Merge pull request #809 from theley502/patch-648273
jswymer Jan 27, 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
aa20ce5
Merge pull request #810 from theley502/patch-229104
jswymer Jan 27, 2025
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19 changes: 11 additions & 8 deletions dynamics-gp/payroll/CAN18YETax.md
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Expand Up @@ -8,7 +8,7 @@ manager: jswymer
ms.topic: article
ms.reviewer: jswymer
ms.author: theley
ms.date: 12/9/2024
ms.date: 1/16/2024
---

# Canadian Payroll 2024 Year-end Update & 2025 Tax Update
Expand Down Expand Up @@ -105,8 +105,9 @@ Use the following checklist for Canadian Payroll year-end processing. For detail
To make it easier to determine CPP and EI maximums between running a payroll in a new year (2025 maximums) and printing T4's from prior years (2024 maximum), two constants are created each with the year maximum in place.

Example:
Constant 1 2024 Maximum
Constant 2 2025 Maximum

- Constant 1 2024 Maximum
- Constant 2 2025 Maximum

To determine when you run a 2024 payroll what maximum to use, the system looks to the **Federal Basic Personal Amount** in the Tax Credit Control window.
Tools | Setup | Payroll Canada | Control | Tax Credits.
Expand Down Expand Up @@ -140,7 +141,7 @@ Canadian Payroll for Microsoft Dynamics GP has the ability to generate the XML f

### Finding the Software Developer Number and RL-1 Authorization number

If you plan to use the Internet to submit RL-1 records, you need to obtain the [Software Developer Number and the RL-1 Slip authorization number](https://learn.microsoft.com/dynamics/s-e/gp/cagptuye2018_285). Both numbers change every year.
If you plan to use the Internet to submit RL-1 records, you need to obtain the [Software Developer Number and the RL-1 Slip authorization number](/dynamics/s-e/gp/cagptuye2018_285). Both numbers change every year.

You also can see [XML and form changes](#xml-and-form-changes) for the RL-1 authorization number and the steps for entering it.

Expand Down Expand Up @@ -325,11 +326,13 @@ Contribution rates for both employers and employees for 2025 is 5.95%. The follo
> To make it easier to determine CPP and EI maximums between running a payroll in a new year (2025 maximums) and printing T4's from prior years (2024 maximum), two constants are created each with the year maximum in place.
>
> Example:
> Constant 1 2024 Maximum
> Constant 2 2025 Maximum
> - Constant 1 2024 Maximum
> - Constant 2 2025 Maximum
>
> To determine when you run a 2025 payroll what maximum to use, the system looks to the Federal Basic Personal Amount in the Tax Credit Control window (Tools > Setup > Payroll Canada > Control > Tax Credits).
> The system expects the amount of $16,129 for Federal Basic personal Amount in the control and then it will pull the 2025 maximum.

To determine when you run a 2025 payroll what maximum to use, the system looks to the Federal Basic Personal Amount in the Tax Credit Control window (Tools > Setup > Payroll Canada > Control > Tax Credits).
The system expects the amount of $16,129 for Federal Basic personal Amount in the control and then it will pull the 2025 maximum.
#### Canadian Payroll Tax Calculations

[The CRA accepts different tax calculation methods, and these are outlined on their website](https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/t4127-payroll-deductions-formulas-computer-programs.html)

Expand Down
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
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