The highest withholding rate is 6.6% and the supplemental rate of withholding is 6%. ( 2022 Missouri Withholding Tax Formula, p.1.) The supplemental rate of withholding is 5.3%. ( Minnesota Income Tax Withholding, Instruction Booklet and Tax Tables, p.7.) The supplemental rate of withholding is 6.25%. The legislature overrode the governor's veto on December 6, 2021. A county that imposes the tax on a bracket basis: (1) must set, by ordinance or resolution, the income brackets that apply to each income tax rate (2) may set income brackets that differ from the income brackets to which the state income tax applies (3) may not set a minimum income tax rate less than 2.25% of an individual's Maryland taxable income and (4) may not apply an income tax rate to a higher income bracket that is less than the income tax rate applied to a lower income bracket. Under SB 133 and effective in 2022, each county is authorized to set by ordinance or resolution, a county income tax rate equal to at least 2.25% (previously, 1%) and to apply the county income tax on a bracket basis. (Maine Withholding Tables for Individual Income Tax, p.4.) The supplemental rate of withholding is 5.0%. The supplemental rate of withholding is 6%. ( Idaho State Tax Commission, Computing Withholding.) The supplemental rate of withholding is 6.5%. There is no supplemental rate of withholding. The supplemental withholding rate is 10.23% on bonuses and stock options and 6.6% on other types of compensation (e.g., overtime pay, commissions, sales awards, and vacation pay). ( Arkansas Department of Finance and Administration, Withholding Tax. The supplemental withholding rate is 5.9%. Under SB 1828 and effective Janu, the law createsa two-tier individual income tax rate structure of 2.55% and 2.98% depending on filing status and taxable income and, if general fund revenue thresholdsĪre met, a reduced two-tier individual income tax rate structure of 2.53% and 2.75% or a 2.5% tax rate beginning in 2023.
IRS TAX BRACKETS PLUS
3.)Įffective January 1, 2021, the highest marginal tax rate is 4.5% plus a 3.5% surcharge on income exceeding $250,000 ($500,000 for married and head of household). ( Withholding Tax Tables and Instructions for Employers and Withholding Agents, p. Use the rate at the bottom of the local tax table 3.2% for residents of Maryland working in Delaware and other nonreciprocal statesġ1.70% (New York City is 4.25%, Yonkers resident is 1.95975%, Yonkers nonresident is 0.50%.)ģ.07% plus employee unemployment insurance tax rate of 0.06% and local tax rate. Last revision date of income tax withholding publication/tablesĥ.1% ( SB 1828 reduces the highest tax rate to 2.98% effective Januhowever, Form A-4 continues to show a highest tax rate of 5.1%)Ħ.60% and 10.23% on bonus and stock options The chart also shows if the state has a flat tax rate, meaning only one rate of tax applies regardless of the wages paid, or alternatively, the highest marginal withholding rate according to the state's latest computer withholding formula.Ĭhanges in tax rates from Decemare highlighted in yellow in the attached PDF.
The state supplemental income tax withholding rates currently available for 2022 are shown in the chart below. Note that the flat 37% rate applies even if an employee has submitted a federal Form W-4 claiming exemption from federal income tax withholding. Where allowed, the supplemental rate greatly simplifies income tax withholding calculations on irregular payments such as bonuses, equity compensation and separation pay.Įmployers may optionally use a federal flat rate of income tax federal withholding of 22% on supplemental wages up to $1 million for the year however, a mandatory flat rate of 37% applies to supplemental wages over $1 million. Like the federal supplemental income tax withholding rate, states/territories may also allow for an optional flat percentage of income tax withholding for wages that are in addition to regular pay. To assist you in reviewing your state income tax withholding rates for 2022, below is a chart of the most recent income tax withholding tables published by states and US territories and the supplemental withholding rate if allowed. 2022 state income tax and supplemental withholding rates (preliminary as of January 5, 2022)
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