MANAGE STATE TAX WITHHOLDING ADJUSTMENTS

Use this screen to enter state tax allowances and credits.

Load the existing tables when Costpoint is initialized, and modify the tables whenever they become outdated, per State publications and the Tax Tables updates. (The current tax tables are loaded in Costpoint; you receive a copy of the new Tax Tables when the new tables are created.) These tables must be current before your first payroll of the new calendar (payroll) year is processed. If you installed the tables supplied by Deltek, you can click to select and view the information. To modify information for an Effective Date that already exists, click to retrieve the record, and then change the applicable line information. To add information for an Effective Date that does not exist, click and enter the new record.

Location

Identification

State

Enter, or click to select, the state code. The code you enter is validated against the State table. The state name displays in the field to the right.

Effective Date

Enter, or click to select, the date on which the exemption allowances or tax credits become effective. The format for this date is MM/DD/YYYY.

Type

From the drop-down list, select the type of tax allowances and credits that you are entering. Valid options are:

• Dependent Exemption Allowances

• Dependent Tax Credits

• Federal W/H Credit Limit

• Low Income Exemption

• Personal Exemption Allowances

• Personal Tax Credits

• Phase-Out Amount

• Recapture Amount

• Special Deduction

• Veteran Exemption

• Withholding Table

Filing Status

From the drop-down list, select the filing status for which you are entering allowances and credits. Valid options are:

• Both

• Head of Household

• Married

• Misc Status 1

• Misc Status 2

• Misc Status 3

• Misc Status 4

• None

• Single

Tax Withholding Adjustments

To enter a new row, click .

Wage Type

This field displays the type of wage that will be applied to the adjustment table. The value in this field is either Gross Wages or Taxable Wages.

For Annualized Wage Over/Wage Basis

Enter the level of annualized wage.

Base Amount

Enter the base amount of credit/exemption for this level of wage.

Amount per Credit/Exemption

Enter the amount per credit/exemption for this level of wage.

Exemption Threshold

This field displays the minimum number of exemptions that is applicable for this adjustment. This field is enabled only if the state is Massachusetts (MA) and the Type value is Low Income Exemption.

Percent of Excess

Enter the percent of excess for this level of wage or percent of annualized wage.

1st Exempt Override

In a few states, the first exemption amount differs from subsequent exemption amounts. Example:
An employee claims three exemptions on the Manage Employee Taxes screen. The total exemption amount is the first exemption override amount + the amount per credit/exemption x 2.

Select this check box to override the first exemption.

1st Exempt Override Amount

Enter the amount by which you want to override the first exemption. If you did not select the 1st Exempt Override check box, this field displays 0.00 and is disabled.

Other Amount 1

Enter the other tax adjustment amount/limit for the state.

The appropriate field label and status text will display according to the selected Type.

Other Amount 2

Enter other tax adjustment amount /limit for this state.

The appropriate field label and status text will display according to the selected Type. This field is enabled if Type is Recapture Amount.

Other Rate 1

This field is for other tax adjustment rate for this state.

The appropriate field label and status text will display according to the selected Type. This field is enabled if Type is Personal Tax Credits.

• Table Information

  Changes to this screen update the STATE_TAX_ALL_CR (State Tax Allowance and Credits) table.