The IRS has NOT yet released the new Tax Rates for 2022
The two tiered system, remains: Standard withholding and New Form W4 withholding.
This new style W-4 form has a different structure handling the deductions. It's primary purpose is to take into consideration the possibility of having two or more jobs.
These new steps have been incorporated into the tax update and are handled with no modifications to your programs (with the exception of the VP10 series).
New upper limint of ------ for social security
This tax subscription supports all state taxes. The states marked with an "*" have released their new tax rates for 2022 and have been updated at this time.
| Kentucky | New York* | |
| Alabama | Louisiana | Ohio |
| Arkansas* | Massachusetts | Oklahoma * |
| Arizona | Maryland | Oregon |
| California* | Maine | Pennsylvania |
| Colorado | Michigan | Rhode Island* |
| Connecticut | Minnesota | South Carolina* |
| Dist of Columbia | Missouri* | |
| Delaware | Mississippi | |
| Montana | ||
| Georgia * | North Carolina | Utah |
| Hawaii | North Dakota | Virginia* |
| Idaho | Nebraska* | Vermont |
| Iowa | Washington | |
| Illinois | Wisconsin | |
| Indiana | New Jersey | West Virginia |
| Kansas | New Mexico* |
There are no taxes for states that are
The last few quarters of 2020 introduced two new fields to the 941: Qualified sick and family leave wages. These fields remain in the 2022 The 941 remains at 3 pages.
No changes from last year.
2 No new codes for this year.
For employers with over 50 employees, reporting on the Form 1095-C is again required. The ability to print this report and it's transmittal form 1094-C is included in this tax subscription. There were significant changes to the form this year.
Please note: Watch for updates on reporting these forms to the Feds