IA department of revenue has a change in the 2024 W-4, when will this change be reflected in the IA Tax Tables in ERP?
- Payroll
- Tax Tables
Standard deduction amounts are based on wages higher or lower than $80.00 per pay period (in prior years it was based on number of allowances defined) and the flat amount is now divided by the number of pays then subtracted from the tentative withholding amount (where before it was based on number of allowances x allowance amount then subtracted by the tentative withholding amount. (Annual tables in 2023 was $40.00 per allowance. The allowance amount in 2024 is now a flat amount based on wages divided by number of pays)
Install applicable work ticket when available:
MUN-476235 - 2021.7.0.1654
MUN-476532 - 2021.8.0.1399
MUN-476533 - 2021.9.0.1172
MUN-476528 - 2021.10.0.886
MUN-476529 - 2021.11.0.554
MUN-476235 - 2021.12.0.60
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