Updated Jan 2, 2012
NOTE
The changes are for both the Single and Married Annual withholding tables. Other changes are that the Annual W/H allowance goes from 3700 to 3800, and the SocSec annual wage limit has increased to 110100. The employEE's Soc Sec withholding rate remains reduced at 4.2% (rate= .042) at least thru Feb 2012. This lower rate should already be in your old tables and would be correct if you dont update immediately anyway .
Be careful NOT to update your tables until after you have run your last payroll and have backed up your PR data that will be used for 2011 W-2s.
If you have not done so since the above date, you should Download/Install Updates for your Greux programs (File | Utilities | Download Updates). Then for every company that has a Payroll, get to the P/R Configuration/Tax tables window (shown below). Select US and click on the "Update selected tax table" button.
If you need tables for your State, then select your state and click "Update...". If your state is not there, contact KISS Development.
This is all you need to do to get the latest tables.
These Tax Table Masters are always available with the Payroll module.
The following is furnished for reference only for GREUX users. You may use the Tax Tables listed below to verify that you have updated your tables.
Reference: Circular E for January 2012, see
IRS Publication 15 (Circular E) - Table 7 (Annual)
Listed below are the withhholding tables effective January 2012. If you have run one or more payrolls using the old tables, that's OK.
ALL of the brackets in the Single and Married tables have changed for 2012.
The ZZ table for 2012 has 2 items that changed (in red below)
Lines below in Red = Changed lines for 2012
TAX TABLE: ZZ - FICA & Federal W/H Allowance
1. Federal W/H Allowance per dependent (Annual) 3800
2. Soc Sec Annual Wage Limit ................... 110100
3. EmployEE's Soc Sec Withholding Rate ......... 0.04200
4. EmployER's Soc Sec Rate ..................... 0.06200
5. Medicare Annual Wage Limit .................. 9999999
6. EmployEE's Medicare Withholding Rate ........ 0.01450
7. EmployER's Medicare Rate .................... 0.01450
CLASSIFICATION: US - HEAD OF HOUSEHOLD - Same as SINGLE table below
(Separate table not needed - H will use Single)
CLASSIFICATION: US - MARRIED
SEQ. GROSS WAGE DOLLARS
NO. LIMIT OF TAX RATE
01 8,100.00 0.00 0.00000 ACTIVE 01/01/12
02 25,500.00 0.00 0.10000 ACTIVE 01/01/12
03 78,800.00 1,740.00 0.15000 ACTIVE 01/01/12
04 150,800.00 9,735.00 0.25000 ACTIVE 01/01/12
05 225,550.00 27,735.00 0.28000 ACTIVE 01/01/12
06 396,450.00 48,665.00 0.33000 ACTIVE 01/01/12
07 99,999,999.00 105,062.00 0.35000 ACTIVE 01/01/12
CLASSIFICATION: US - SINGLE
SEQ. GROSS WAGE DOLLARS
NO. LIMIT OF TAX RATE
01 2,150.00 0.00 0.00000 ACTIVE 01/01/12
02 10,850.00 0.00 0.10000 ACTIVE 01/01/12
03 37,500.00 870.00 0.15000 ACTIVE 01/01/12
04 87,800.00 4,867.50 0.25000 ACTIVE 01/01/12
05 180,800.00 17,442.50 0.28000 ACTIVE 01/01/12
06 390,500.00 43,482.50 0.33000 ACTIVE 01/01/12
07 99,999,999.00 112,683.50 0.35000 ACTIVE 01/01/12
CLASSIFICATION: US - Married - Filing Separately
No separate table defined for 2012
Suggest treating as Single.
If the tax rates for your state have changed, let us know. We do not monitor all state withholdings rates. That is your responsibility as an employer. However if yours did change and we don't have the new rate, we will ask you to send us a copy of the state's computer formula (annualized). We will update the calculations and include in the master tables used above.
For Greux users this service is free, unless you require telephone assistance.