Tax

Payroll Tax

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FAQ #1

· Why am I not being taxed for federal income tax on my paycheck?

· Starting in 2020 the new W-4 and new tax tables changed federal taxation

(see IRS Tax Tables https://www.irs.gov/pub/irs-pdf/p15t.pdf), meaning you are getting taxed less than in 2019.

Example 1, you claim SINGLE or MARRIED FILING SEPERATELY with nothing

else completed in Steps 2-4. You need to earn $500.00 to have $.19 federal tax withheld

Example 2, you claim MARRIED FILING JOINTLY with nothing else completed in Steps 2-4.

You need to earn $1000.00 to have $.38 federal tax withheld

· Employees may contact their tax advisor on how to complete their W-4 and subsequently complete a new W-4 at any time.

· Use the estimator at www.irs.gov/W4App for most accurate withholding for this step (Steps 3–4