State tax tables

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If your state uses a tax table system, they  may be updated on a yearly  basis in accordance with your own state's guidelines, in their printed tax  guide. The system will ask for the state code (use the standard two letter postal code) and then  display a table that is identical to that found on the federal  level.  These tables are identical to the Federal Tax Tables.

If values need to be changed (for a new year), simply  highlight the entry where the corrections must be made.  Enter the change, and be sure to select the Save  button to retain  the result.

 

All tax tables need to be updated each year.  If the tax tables are not accurate, the calculations will be  inaccurate and you may be responsible for underpayment and  consequent penalties.

 

If your state is based on a percentage basis, the system will  provide a screen with the formula values.  Follow the prompts that  are shown to update the values.