State or Federal Exemptions (see the Additional Information section)Įmployees who have not previously submitted an OR W-4, and have submitted a 2020 or newer Federal Form W-4 or have not previously submitted a prior to 2020 Federal Form W-4, will default to the flat withholding tax rate of eight percent. OR-W-4 or W-4 (see the Additional Information section) No action on the part of the employee or the personnel office is necessary. The tax tables have changed for all filers.The annualized deduction for Federal tax withheld has changed from a maximum of $6,950 to $7,050.The annual tax credit amount per exemption has changed from $210 to $213.The standard deduction amount for Married filers has changed from $4,630 to $4,700.The standard deduction amount for Single filers claiming three or more allowances has changed from $4,630 to $4,700. The standard deduction amount for Single filers claiming less than three allowances has changed from $2,315 to $2,350.The income tax withholding formula for the State of Oregon includes the following changes: TAXES 21-21, Oregon State Income Tax Withholding If you are looking for the most up-to-date information, please visit the current Publications pages under the HR Client Services page. The content and references contained within the archives may no longer apply. As a result, hyperlinks may no longer function and may reference other archived material. This area has been archived for research purposes and is no longer actively maintained. You have reached NFC’s publication archives
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |