Tax Table Changes Included in this Payroll Update  
 
Federal Tax Changes - 2012 Changes to Tax Tracking Types
State and Local Tax Changes - 2012    
 
  Federal Tax Changes for QuickBooks 2009  
 
Federal Withholding
  New Federal income tax withholding tables effective 1/1/2012. (21201)
  New Non-resident Alien withholding tables effective 1/1/2012. (21201)
 
Social Security
  Social Security employee tax rate will continue to remain at 4.2% through 12/31/2012. For more information, click here. (21206)
  Social Security employee tax rate will increase to 6.2% from 4.2% effective 3/1/2012. (21205)
 

Social Security employee tax rate will remain at 4.2% effective 1/1/2012. (21202).

  Social Security employer and employee wage limits increased to $110,100 from $106,800. (21201)
  Social Security employee tax rate increased to 6.2% from 4.2%. (21201)
 

 

  
  State/Local Tax Changes for QuickBooks 2009  
 
  If you are looking for information on particular state taxes and do not see it here, there is more information available by clicking here.
Alabama Delaware Kansas Montana North Dakota Utah
Alaska District of Columbia Kentucky Nevada Oklahoma Vermont
Arizona Florida Maine New Hampshire Oregon Washington
Arkansas Hawaii Massachusetts New Jersey Puerto Rico Wyoming
California Idaho Michigan New Mexico Rhode Island    
Colorado Illinois Minnesota New York South Carolina    
Connecticut Iowa Missouri North Carolina South Dakota    
 
 
   
  Alabama
  Due to the Federal withholding tables changing, there may be a difference in Alabama withholding calculations, effective 1/1/2012. (21201)
   
  Alaska
  Wage limit for state unemployment insurance (UI) increased to $35,800 from $34,600. (21201)
  Unemployment insurance (UI) rate for employees increased to 0.66% from 0.58%. (21201)
   
  Arizona
  The combined rate for the AZ – Job Training Tax and the Special Assessment is increasing to 0.6% from 0.5% for all contributing employers, effective 1/1/2012. Employers not subject to these taxes may select a rate of 0.0% from the drop down selection. (21204)
   
  Arkansas
  To accurately reflect the account number format for state withholding assigned by the agency, verify the format is 99999999-ZZZ. (21201)
 

Action Required: If you need to modify the account number reflected in your company file for state withholding, please click here for the necessary steps. (21201)
   
  California
  New withholding tables effective 1/1/2012. (21201)
  Wage limit for state disability insurance (DI) increased to $95,585 from $93,316. (21201)
  State disability insurance (DI) rate decreased to 1.0% from 1.2% effective 1/1/2012. (21201)
   
  Colorado
  Wage limit for state unemployment insurance (UI) and Total Surcharge increased to $11,000 from $10,000. (21201)
   
  Connecticut
  New withholding tables effective 1/1/2012. (21201)
 

Action Required: For more information and action required steps, click here. (21201)
   
  Delaware
  New withholding tables effective 1/1/2012. (21201)
   
  District of Columbia
  New withholding tables effective 1/1/2012. (21201)
   
  Florida
  Wage limit for state unemployment insurance (UI) increased to $8,500 from $7,000. (21201)
   
  Hawaii
  Employment and Training Assessment (E&T Assessment) rate changing to 0.0% from 0.02% effective 1/1/2012. No action is required. For more information, click here. (21204)
  New withholding tables effective 1/1/2012. (21202)
  Wage limit for state unemployment insurance (UI) and Employment and Training Assessment (E & T Assessment) increased to $38,800 from $34,200. (21201)
  Wage limit for state disability insurance (DI) increased to $46,970.56 from $45,983.08. (21201)
   
  Idaho
  New withholding tables effective 1/1/2012. (21202)
  Wage limit for state unemployment insurance (UI) and Workforce Development Fund (WDF) increased to $34,100 from $33,300. (21202)
   
  Illinois
  Wage limit for state unemployment insurance (UI) increased to $13,560 from $12,740. (21201)
   
  Iowa
  Due to the Federal withholding tables changing, there may be a difference in Iowa withholding calculations, effective 1/1/2012. (21201)
  Wage limit for state unemployment insurance (UI), Administrative Surcharge, and Reserve Fund increased to $25,300 from $24,700. (21201)
   
  Kansas
  To accurately reflect the account number format for unemployment insurance assigned by the agency, verify the format is 999999. (21204)
 

Action Required: If you need to modify the account number reflected in your company file for unemployment insurance, please click here for the necessary steps. (21204)
   
  Kentucky
  New withholding tables effective 1/1/2012. (21201)
  Wage limit for state unemployment insurance (UI) increased to $9,000 from $8,000. (21201)
   
  Maine
  New withholding tables effective 1/1/2012. (21201)
   
  Massachusetts
  New withholding tables effective 1/1/2012. (21202)
 

Vendor payable name changing to MA Department of Unemployment Assistance from MA Division of Unemployment Assistance. (21201)
 

Action Required: If you need to modify the vendor payable name for unemployment insurance, please click here for the necessary steps. (21201)
   
  Michigan
  Wage limit for state unemployment insurance (UI) increased to $9,500 from $9,000. (21204)
   
  Minnesota
  New withholding tables effective 1/1/2012. (21201)
  Wage limit for state unemployment insurance (UI) and Workforce Enhancement Fee increased to $28,000 from $27,000. (21201)
   
  Missouri
  New withholding tables effective 1/1/2012. (21204)
  Due to the Federal withholding tables changing, there may be a difference in Missouri withholding calculations, effective 1/1/2012. (21201)
   
  Montana
  Wage limit for state unemployment insurance (UI) and Admin. Fund Tax (AFT) increased to $27,000 from $26,300. (21201)
   
  Nevada
  Wage limit for state unemployment insurance (UI) and Career Enhancement Program (CEP) decreased to $26,400 from $26,600. (21201)
   
  New Hampshire
  Wage limit for state unemployment insurance (UI) and Administrative Contribution (AC) increased to $14,000 from $12,000. (21201)
   
  New Jersey
  Wage limit for state unemployment insurance (UI), Workforce Development/Supplemental Workforce Fund (WF/SWF), Health Care Subsidy (HCS), and Family Leave Insurance (FLI) increased to $30,300 from $29,600. (21201)
  Wage limit for state disability insurance (DI) increased to $30,300 from $29,600. (21201)
  State disability insurance (DI) rate decreased to 0.2% from 0.5% effective 1/1/2012. (21201)
  New Jersey Family Leave Insurance (FLI) rate increased to 0.08% from 0.06% effective 1/1/2012. (21201)
   
  New Mexico
  New withholding tables effective 1/1/2012. (21201)
 

Wage limit for state unemployment insurance (UI) increased to $22,400 from $21,900. (21201)
   
  New York
NY - MCTMT (Transit Tax) is changing to a variable rate, effective 4/1/2012.
  Action Required: For more information and action required steps, click here.
  New withholding tables for: New York State and City of Yonkers Resident, effective 1/1/2012. (21204)
   
  North Carolina
  Wage limit for state unemployment insurance (UI) increased to $20,400 from $19,700. (21201)
  Vendor payable name changing to NC DES from N.C. Employment Security Commission. (21201)
 

Action Required: If you need to modify the vendor payable name for unemployment insurance, please click here for the necessary steps. (21201)
   
  North Dakota
  New withholding tables effective 1/1/2012. (21201)
  Wage limit for state unemployment insurance (UI) increased to $27,900 from $25,500. (21201)
   
  Oklahoma
  New withholding tables effective 1/1/2012. (21204)
  Wage limit for state unemployment insurance (UI) increased to $19,100 from $18,600. (21201)
  To accurately reflect the account number format for state withholding assigned by the agency, verify the format is WTH-99999999-99 or 999999999. (21201)
 

Action Required: If you need to modify the account number reflected in your company file for state withholding, please click here for the necessary steps. (21201)
   
  Oregon
  New withholding tables effective 1/1/2012. (21201)
  Wage limit for state unemployment insurance (UI) increased to $33,000 from $32,300. (21201)
  Oregon Lane Transit District (LTD) rate increased to 0.68% from 0.67% effective 1/1/2012. (21201)
  Oregon Tri-Met Transit District rate increased to 0.7018% (rounded to 0.702% in QuickBooks) from 0.6918% (rounded to 0.692% in QuickBooks) effective 1/1/2012. QuickBooks supports only 3 decimal places, so the rate has been rounded up to 0.702%. (21201)
   
  Puerto Rico
  New withholding tables effective 1/1/2012. (21204)
   
  Rhode Island
  RI – UI/JDF Wage Base Increase is now a part of the 2012 tax table for employers subject to the wage base limit of $21,100. (21204)
 

Action Required: For more information and action required steps, please click here. (21204)
  New withholding tables effective 1/1/2012. (21202)
  Wage limit for state unemployment insurance (UI) and Job Development Fund (JDF) increased to $19,600 from $19,000. (21201)
  Wage limit for state disability insurance (DI) increased to $60,000 from $58,400. (21201)
  State disability insurance (DI) rate decreased to 1.2% from 1.3% effective 1/1/2012. (21201)
   
  South Carolina
  Wage limit for state unemployment insurance (UI) and Contingency Assessment increased to $12,000 from $10,000. (21201)
   
  South Dakota
  Wage limit for state unemployment insurance (UI), Investment Fee, and Surcharge increased to $12,000 from $11,000. (21201)
   
  Utah
  Wage limit for state unemployment insurance (UI) increased to $29,500 from $28,600. (21201)
   
  Vermont
  New withholding tables effective 1/1/2012. (21202)
  Wage limit for state unemployment insurance (UI) increased to $16,000 from $13,000. (21201)
   
  Washington
  Wage limit for state unemployment insurance (UI) and Employment Administrative Fund increased to $38,200 from $37,300. (21201)
   
  Wyoming
  Wage limit for state unemployment insurance (UI) increased to $23,000 from $22,300. (21201)
   
  Changes to Tax Tracking Types for QuickBooks 2009  
 
 

S Corp Paid Medical Premium

Unemployment default taxability settings for SCorp Pd Med Premium or medical insurance premiums paid by S Corporations for 2% or more shareholders have been updated for Montana. (21205)

 

Action Required: For more information and action required steps on Montana, click here. (21205)
 

Health Coverage Cost

A new tax tracking type has been added so you can track the cost of group health plan coverage reportable on Form W-2, box 12 code DD.  This new tax tracking type can be used beginning with tax year 2012 and for reporting on your employees 2012 Forms W-2. For additional information, click here. (21201)

 

Action Required: If you are an employer who will be required to report the cost of group health plan coverage on your employees Form W-2 for tax year 2012, please refer to the document Health Coverage Reporting User Guide for QuickBooks for detailed instructions. (21201)

If you’re not sure your company is required to report the cost of group health plan coverage or you want more information about Employer-Provided Health Coverage Informational Reporting Requirements, visit the IRS website. (21201)

Note:  Employers choosing to report, but are not required to report, the cost of group health plan coverage may also refer to the Health Coverage Reporting User Guide for QuickBooks. (21201)
 


Disclaimer: The information contained on these pages is meant to provide general information about the payroll process. It is not intended to provide comprehensive tax or legal advice and does not modify or extend the service guarantee to any Intuit product or service. You are responsible for consulting with your own professional tax advisor, accountant, and/or attorney concerning your business' specific concerns.