State Payroll Tax Updates for 2020
White Collar Exemptions
States which increased minimum salaries for White Collar exemptions include Alaska, California, Maine, New York, Washington, and Colorado. If you have workers in these states, be sure to double-check whether this changes the exemption status of any of your employees.
Delaware, Rhode Island, Vermont and South Carolina have state-specific forms available for state withholding.
Withholding Table Updates
Several states have updated their withholding tables: Connecticut, Massachusetts, Minnesota, Rhode Island, Arkansas, California, Illinois, Indiana (County Rates), Maine, Michigan, Missouri, North Carolina, Oregon, and South Carolina.
These are just a few of the state-specific tax updates for 2020. If you’re a Dynamics GP user, be sure you understand the year-end tax updates for your software solution.