Costpoint Help

Manage Local Standard Deductions

Use this screen to set up the local standard deduction amounts and rates for each filing status.

Modify the tables whenever they become outdated per local publications. These tables must be current before you process the first payroll of the new calendar (Payroll) Year. To modify information for an Effective Date that already exists, click to retrieve the record, and then modify the applicable line information. To add information for an Effective Date that does not exist, click and enter the new record.

Note: For Costpoint users with Maryland employees, if you run the Update State Filing Status toolkit, the process adds a new line on the Local Standard Deductions (LOC_STD_DED) table to zero out Maryland local standard deductions.

Display the Manage Local Standard Deductions Screen

You access the Manage Local Standard Deductions screen from the People domain.

Contents of the Manage Local Standard Deductions Screen

Use the fields and options to configure the Manage Local Standard Deductions screen.

Table Information for the Manage Local Standard Deductions Screen

Changes to the Manage Local Standard Deductions screen update the LOCAL_STD_DED table.

Parent Topic:

Local Taxes