Regulatory Updates

Use this area to view the latest tax table document for Costpoint. Newsworthy items such as relevant announcements and critical defects are detailed.

Latest Tax Table Document

The tax table document provides federal and state tax tables and the schedule of regulatory releases for Costpoint 8.1 and 8.2.

Deltek Costpoint Tax Table Document as of April 2024

IMPORTANT ALERTS

View this section to learn about urgent Regulatory updates.

Vermont Child Care Contribution Payroll Tax

Vermont created a new Child Care Contribution payroll tax to fund its Child Care Financial Assistance Program under a bill that will partially go into effect on July 1, 2024. You can use the following instructions to set up and withhold the employee-paid and employer-paid Vermont Child Care Contribution Payroll Tax in Costpoint.

Update W-4 Information of Iowa Employees for 2024 Filing

Warning: This action is required if you have Iowa Employees.

Iowa revised the IA W-4 (Employee Withholding Allowance Certificate), resulting in a change to the way an employee's Iowa withholding credit information is determined. Rather than requesting the number of allowances an employee would like to claim, the Iowa W-4 now requests a dollar amount.

To accommodate the employee setup, Costpoint MR 8.1.28 and MR 8.2.8 were updated as follows:

  • A new Credit Amount field has been added to the Manage Employee Taxes screen and the Taxes subtask on the Manage Employee Information screen, allowing payroll administrators to enter the Total Allowance amount from Line 6 of the IA-W4.
  • A new Credit Amount field has been added to the Costpoint Employee Self Service (ESS) State Withholding screen, allowing employees to enter the total allowance amount they would like to claim.

Upon upgrading to Costpoint MR 8.1.28, MR 8.2.8, or a higher version, Costpoint Payroll customers with Iowa employees should do the following:

  • Costpoint Employee Self Service (ESS) customers:
    • Update the Web Address or Notes field on the Configure State Tax Settings screen with a link to the latest IA W-4.
    • Instruct your Iowa employees to review their Iowa W-4 Credit Amount on the ESS State Withholding screen and update as needed using the following steps:
      1. Go to People > Employee Self Service > Payroll and Benefits > State Withholding.
      2. Populate the Credit Amount with the total allowance amount from line 6 of your 2024 IA W-4.
      3. Click Save.
  • Costpoint customers not using Costpoint ESS:
    • Instruct your Iowa employees to file an updated W-4 using the 2024 IA W-4 form.
    • Use the completed IA W-4 form to update the employee's tax setup on the Costpoint Manage Employee Taxes screen or the Taxes subtask on the Manage Employee Information screen.

The Iowa state withholding computation will be updated in Costpoint MR 8.1.29 and MR 8.2.9 so that an employee's credit amount will be based on the Credit Amount field on the Manage Employee Taxes screen, rather than the Number of Credits field. If you upgrade to one of those versions and an Iowa employee has not yet updated their Iowa W-4 information, their credit amount will be 0.00 when payroll is computed and may result in a higher withholding amount than expected.

Critical W-2C Bug Fix

Warning: Please read before printing W-2Cs.

When printing W-2Cs (correcting W-2s), the employee's State is missing in box i (employee's address) of the W-2C. This issue will be fixed in the following:

  • Costpoint 8. 1 (On-premises): This fix is available on DSM for on-premises customers.
  • Costpoint 8.1 (Cloud): This fix will be applied with the 8.1.29 deployment in March 2024.
  • Costpoint 8.2 (On-premises): This fix will be available on DSM for on-premises customers by mid-March 2024.
  • Costpoint 8.2 (Cloud): This fix will be applied with the 8.2. 9 deployment in March 2024 .

Please contact Deltek Customer Care with any questions you may have.

Update Iowa Setup in ESS Configure State Tax Settings

Iowa updated their marital status options with the release of their 2024 IA W-4 employee withholding allowance certificate. To accommodate the new statuses, Costpoint MR 8.1.29 and MR 8.2.9 will be updated as follows:

  • Added new HEAD OF HOUSEHOLD filing status
  • Changed the description for the SINGLE filing status from "Single" to "Other"
  • Changed the description for the MARRIED filing status from "Married" to "Married Filing Jointly."

If your employees use Costpoint Employee Self Service (ESS) to update their state tax information, it is recommended you assign the new HEAD OF HOUSEHOLD status to the Iowa in the Configure State Tax Settings screen and update the filing status descriptions for the MARRIED (Married Filing Jointly) and SINGLE (Other) filing statuses to be consistent with the 2024 IA W-4.