2022 FEDERAL WITHHOLDING TAX TABLES
(December
20, 2021)
The SkilMatch FIT tables were created using the IRS Publication 15-T
Draft, 2022 Percentage Method Tables for Automated Payroll Systems published December
03, 2021. SkilMatch will notify you if there
are changes to the 2022 FIT tax table.
NEW in January 2020: SkilMatch
programming installed to enable NEW 2020 W4 compliance. The NEW 2020 W4 required the NEW Federal tax
setup options starting January 1, 2020.
Federal tax tables now include:
1)
Federal
tax table 01, “FIT-STANDARD” added a
“Head of household” table.
2)
Federal
tax table 01 requires the standard deduction for calculating employee’s
tax.
NOTE: Federal
tax table 02 does NOT include a standard deduction.
3)
Federal
tax table 02, “FIT-W4 STEP2, CHKBOX”
for Married, Single and Head of household.
NOTE: Tax
table changes are effective for the company number entered. You will
need to REPEAT the
setup for ALL company
numbers for which you are calculating payroll taxes. Tax
tables will be effective for both Temp and Staff for this company number.
Federal Tax Table 01
“FIT-STANDARD”
NEW in 2020: Federal 01 tax tables include a Standard Deduction
for Married, Single and Head of Household.
NOTE:
Federal 01 tax table continues to include Personal Exemption Dollars.
SINGLE – Federal Tax Table 01 “FIT-STANDARD”
HEAD of HOUSEHOLD – Federal Tax Table 01
“FIT-STANDARD”
(New Starting 2020)
NOTE: If this is the first time you are entering data for Head of Household, you will need to
select the option “Add”.
CONTINUE…
FEDERAL
02 TABLES ARE ALSO REQUIRED
FOR
2022 PROCESSING
Federal Tax Table 02
“FIT – W4 STEP2, CHKBOX”
NOTE: Federal 02
tax tables do NOT include a Standard Deduction for Married, Single
and Head of Household.
NOTE: Federal 02 tax tables do
NOT include Personal Exemption Dollars.
SINGLE – Federal Tax Table 02 “FIT-W4 STEP2
CHKBOX”
Head of Household – Federal Tax Table 02
“FIT-W4 STEP2 CHKBOX”
NOTE: Tax
table changes are effective for the company number entered. You will
need to REPEAT the
setup for ALL company
numbers for which you are calculating payroll taxes. Tax
tables will be effective for both Temp and Staff for this company number.
LEGAL DISCLAIMER and Customer Responsibilities:
When SkilMatch staff or a SkilMatch program provides
information, data, calculation, tax tables, magnetic media or paper reporting to
SkilMatch customers, a “best efforts” attempt has been made by SkilMatch to
verify that the information is correct as SkilMatch understands it or as it has
been explained to SkilMatch.
SkilMatch-provided tax tables and reporting are provided to assist customers
in setting up your tax table records and to assist customers in reporting to
government authorities. Tax laws and
requirements change frequently and it is a customer’s responsibility to verify
the accuracy of all SkilMatch-provided information and reporting with your tax
advisor, accountant and/or attorney.
SkilMatch attempts to monitor for tax table and reporting
changes. However, when a customer
receives ANY notification of change from a taxing authority, SkilMatch should
be notified. SkilMatch depends on
customers who are closest to the taxing authorities to provide information that
will affect their businesses. Any and
all written, verbal or electronic information provided by SkilMatch regarding
tax tables and government reporting (1) is meant to provide general information
about the payroll process, (2) is not intended to provide tax or legal advice,
(3) is not intended to address, and is not meant to address, the entire body of
federal, state and local law and regulation governing the payroll process,
payroll taxes, government reporting or employment law. Such laws and regulations change frequently
and their effects can vary widely based upon specific facts, circumstances and
timing. Each customer is responsible for
consulting with a professional tax advisor, accountant and/or attorney
concerning its specific concerns and compliance.