At Christianson, our System Solutions team is on top of the recent updates relating to tax tables Microsoft Dynamics GP and wanted to share some of this content with you! Please keep in mind that this is the second tax update for 2018. It includes federal tax table changes that take effect January 1, 2018. Other tax rates may be released in GP later this year.
2018 Tax Tables
Federal changes
This update includes revised withholding rates for 2018.
| Federal | Federal withholding amounts where the filing status is married (MAR), the standard deduction is $4,150, and the type is Tax are as follows: | |||||
| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | ||
| $0.00 | $11,550 | $0.00 | 0.0% | $0.00 | ||
| $11,550 | $30,600 | $0.00 | 10.0% | $11,550 | ||
| $30,600 | $88,950 | $1,905 | 12.0% | $30,600 | ||
| $88,950 | $176,550 | $8,907 | 22.0% | $88,950 | ||
| $176,550 | $326,550 | $28,179 | 24.0% | $176,550 | ||
| $326,550 | $411,550 | $64,179 | 32.0% | $326,550 | ||
| $411,550 | $611,550 | $91,379 | 35.0% | $411,550 | ||
| $611,550 | And over | $161,379 | 37.0% | $611,550 | ||
| Federal | Federal withholding amounts where the filing status is nonresident aliens (NRA), the standard deduction is $4,150, and the type is Tax are as follows: | |||||
| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | ||
| $0.00 | $19,400 | $0.00 | 0.0% | $0.00 | ||
| $19,400 | $38,450 | $$0.00 | 10.0% | $19,400 | ||
| $38,450 | $96,800 | $1,905 | 12.0% | $38,450 | ||
| $96,800 | $184,400 | $8,907 | 22.0% | $96,800 | ||
| $184,400 | $334,400 | $28,179 | 24.0% | $184,400 | ||
| $334,400 | $419,400 | $64,179 | 32.0% | $334,400 | ||
| $419,400 | $619,400 | $91,379 | 35.0% | $419,400 | ||
| $619,400 | And over | $161,379 | 37.0% | $619,400 | ||
| Federal | Federal withholding amounts where the filing status is SINGLE, the standard deduction is $4,150, and the type is Tax are as follows: | |||||||||
| If Over | But Not Over | Tax Amount | Tax Rate | On Excess Over | ||||||
| $0.00 | $3,700 | $0.00 | 0.0% | $0.00 | ||||||
| $3,700 | $13,225 | $0.00 | 10.0% | $3,700 | ||||||
| $13,225 | $42,400 | $952.50 | 12.0% | $13,225 | ||||||
| $42,400 | $86,200 | $4,453.50 | 22.0% | $42,400 | ||||||
| $86,200 | $161,200 | $14,089.50 | 24.0% | $86,200 | ||||||
| $161,200 | $203,700 | $32,089.50 | 32.0% | $161,200 | ||||||
| $203,700 | $503,700 | $45,689.50 | 35.0% | $203,700 | ||||||
| $503,700 | And over | $150,689.50 | 37.0% | $503,700 | ||||||
For your local state changes, you can reach out to your Microsoft Partner. With other questions relating to Microsoft Dynamics GP, contact Christianson today!
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