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3_5:releasenotes:issue:brm-589
Human Resources > Tables > Tax/Deductions > Exemptions
❏ Per IRS requirements, exemptions will no longer be used as of the 2020 calendar year. As a result, all data fields were removed from this tab for calendar years greater than 2019 and the following message is displayed: Exemption data is no longer valid.
Human Resources > Tables > Tax/Deductions > Income Tax
Per IRS requirements, modified this tab to accommodate the income tax guidelines for calendar years greater than 2019.
❏ For tax years less than or equal to 2019, the original data fields are displayed (except for the table column headers, which changed per IRS documentation) and data is saved per marital status and per pay frequency.
❏ For tax years greater than or equal to 2020, the new data fields are displayed and data is saved per the following guidelines:
The pay frequency for these rate tables will be empty as the rate tables are now stored as annual amounts. When payroll calculations are processed, the rates will be divided by 26, 24 and 12 for each of the respective pay frequencies (4, 5, and 6).
- A - Standard / Married filing jointly
- B - Standard / Single or Married filing separately
- C - Standard / Head of household
- D - Higher / Married filing jointly
- E - Higher / Single or Married filing separately
- F - Higher / Head of household
Codes G, H, and I are used for individual exemption or credit amounts:
- G - Allowance amount
- H - Credit amount for qualifying children under age 17
- I - Credit amount for other dependents
Human Resources Tables > Tax/Deductions > Earned Income Credit
❏ Removed this tab as it is obsolete.
3_5/releasenotes/issue/brm-589.txt · Last modified: 2019/12/11 15:08 by emoreno