13-P-013 2013 Percentage Method Tables for State Tax Withholding (Supersedes 99-P-013)
|DATE:||December 17, 2012|
|SUBJECT:||2013 Percentage Method Tables for State Tax Withholding|
|EFFECTIVE DATE:||January 1, 2013|
(Original Signature on File)
New State Withholding Tax Tables Effective for Paychecks Issued On or After January 1, 2013
The Kansas Department of Revenue has issued new tables for the percentage method of withholding for 2013. Please note that the standard deduction for one withholding allowance remains unchanged at $ 2,250.00 per year in calendar year 2013. The attached tables are to be used in computing state tax withholding for wages paid on or after January 1, 2013. In order to use the attached tables, income must be annualized. To annualize income, multiply state taxable income for the current bi-weekly pay period by the twenty-six pay periods in the year.
At this time, the reduction in the OASDI employee tax rate under the Middle Class Tax Relief and Job Creation Act of 2012 is scheduled to expire December 31, 2012 and the employee and employer rates are scheduled to be 6.2% for 2013. Payroll Services has not been notified of any changes in the federal income tax withholding tables. However, negotiations continue in Congress that could impact the OASDI employee rate and the Federal income tax rates. Any changes which may occur to the tables will be issued in a separate informational circular when the information is available.
The Department of Administration will make all of the necessary changes in the computation of withholding taxes for SHARP agencies. Regents’ institutions are responsible for implementing the new withholding tax rates in their respective payroll systems.
Attachment: Tables for Percentage Method of Withholding