2014 Payroll Tax Tables - Updated Dec 27, 2013 at 5:00 PM Central

K.I.S.S - Keep It Simple Software

2014 FEDERAL WITHHOLDING TAX TABLES

Updated for use at and after Jan 01, 2014

NOTE

The Single and Married tables below reflect these changes. Although each line has changed somewhat, the taxes withheld will not noticeably change from last year.

The Greux ZZ tables below are the same as for 2013, except that the Social Security Wage limit has increased to $ 117000, and the W/H allowance has increased to $ 3,950. These new rates will be in place as soon as you update your tax tables .

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 2013 W-2s.

OBAMACARE NOTE

The tables below DO NOT reflect an additional .9% employee Medicare withholding for individual wages over $200,000. The employer does NOT match that amount. This could be accomplished by defining a new deduction if needed. The new requirement will be accomodated in future updates within a few months.

GREUX users

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.

Loading Tax Table Window...

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 2014, see
IRS Publication 15 (Circular E) - Table 7 (Annual)

Listed below are the withhholding tables effective January 2014. If you have run several payrolls using the old US single and married tables, that's OK.


     Lines below in Red = Changed lines for 2014

TAX TABLE: ZZ - FICA & Federal W/H Allowance
 
 1. Federal W/H Allowance per dependent (Annual)       3950             
 2. Soc Sec Annual Wage Limit ...................    117000 
 3. EmployEE's Soc Sec Withholding Rate .........   0.06200                
 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           8,450.00           0.00      0.00000 ACTIVE      01/01/14
   02          26,600.00           0.00      0.10000 ACTIVE      01/01/14
   03          82,250.00       1,815.00      0.15000 ACTIVE      01/01/14
   04         157,300.00      10,162.50      0.25000 ACTIVE      01/01/14
   05         235,300.00      28,925.00      0.28000 ACTIVE      01/01/14
   06         413,550.00      50,765.00      0.33000 ACTIVE      01/01/14
   07         466,050.00     109,587.50      0.35000 ACTIVE      01/01/14
   08      99,999,999.99     127,962.50      0.39600 ACTIVE      01/01/14    
   
CLASSIFICATION:  US  - SINGLE                                  
   SEQ.       GROSS WAGE        DOLLARS             
   NO.          LIMIT            OF TAX        RATE   
   01           2,250.00           0.00      0.00000 ACTIVE      01/01/14
   02          11,325.00           0.00      0.10000 ACTIVE      01/01/14
   03          39,150.00         907.50      0.15000 ACTIVE      01/01/14
   04          91,600.00       5,081.25      0.25000 ACTIVE      01/01/14
   05         188,600.00      18,193.75      0.28000 ACTIVE      01/01/14
   06         407,350.00      45,353.75      0.33000 ACTIVE      01/01/14
   07         409,000.00     117,541.25      0.35000 ACTIVE      01/01/14
   08      99,999,999.99     118,118.75      0.39600 ACTIVE      01/01/14    
  
  
CLASSIFICATION:  US  - Married - Filing Separately
 
        No separate table defined for 2014 
             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.

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