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Tax Subscription News
for year 2018

    The 2018 tax update is not ready for download at this time!

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1040

This is your page for State and Federal Tax update news.

FEDERAL TAX

The IRS has NOT YET released the new 2018 tax schedule

SOCIAL SECURITY and MEDICARE

 

The Social Security and Medicare rates are the same as last year. The base limit has changed to ???. The additional Medicare tax for those earning over $200,000 is still .9%.

STATE TAXES

This tax subscription supports all state taxes. The following states have released their new tax rates for 2018 and have been updated at this time:

California  
Idaho  
Indiana  
Kentucky  
Minnesota  
Nebraska  
New Mexico  
New York  
North Carolina  
South Carolina  
   
   
REPORTS 941

Pretty much the same as last year except for adding a line to enter a tax credit.

MAGNETIC MEDIA

There are no changes in the file that would make it necessary to download a new Mag Media from us.

Accuwage for tax year 2018 is available for testing your Mag Media report. Download here and look under 'Quick Links' at the top of the page.

W2 report

There have been no changes to the W2 this year. Other than the Year that's printer on the form, of course.

ACA (Obama Care) reporting

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.

Please note: We will NOT be able to supply the electronic transmission of this form that is required of employers of over 250 employees. If needed, please consult with your insurance provider or one of the many 3rd party suppliers of this service.