Maryland 2024 Tax Updates

The updates for Maryland are:

• The minimum standard deduction increases from $1,700 to $1,800.

• The maximum standard deduction increases from $2,550 to $2,700.

Cecil County

• The income tax rate increased from 2.75% to 2.8%.

Anne Arundel County

• For taxpayers with filing statuses of Single, Married Filing Separately, or Dependent, the local tax rates are as follows:

  • .0270 of Maryland taxable income of $1 through $50,000

  • .0281 of Maryland taxable income of $50,001 through $400,000

  • .0320 of Maryland taxable income of over $400,000

• For taxpayers with filing statuses of Married Filing Jointly, Head of Household, or Qualified Surviving Spouse, the local tax rates are as follows:

  • .0270 of Maryland taxable income of $1 through $75,000

  • .0281 of Maryland taxable income of $75,001 through $480,000

  • .0320 of Maryland taxable income of over $480,000

Frederick County

• For taxpayers with filing statuses of single, married filing separately and dependent taxpayer, the local tax rates are as follows:

  • .0225 for taxpayers who have a net taxable income between $1 and not exceeding $25,000

  • .0275 for taxpayers who have a net taxable income between $25,001 and not exceeding $50,000

  • .0296 for taxpayers who have a net taxable income between $50,001 and not exceeding $150,000

  • .0320 for taxpayers who have a net taxable income of $150,001 or more

• For taxpayers with filing statuses of married filing jointly, head of household, or qualified surviving spouse, the local tax rates are as follows:

  • .0225 for taxpayers who have a net taxable income between $1 and not exceeding $25,000

  • .0275 for taxpayers who have a net taxable income between $25,001 and not exceeding $100,000

  • .0296 for taxpayers who have a net taxable income between $100,001 and not exceeding $250,000

  • .0320 for taxpayers who have a net taxable income of $250,001 or more

For more information, see the Maryland Employer Withholding Guide: https://www.marylandtaxes.gov/forms/24-forms/Withholding-Guide.pdf

Massachusetts 2024 Tax Update

The updates for Massachusetts are:

• The surtax, which is 4% on income of more than $1,053,750 for 2024, has been included in the withholding method.

• The amounts that could be added to state allowances for heads of households or blindness were removed, leaving only amounts that can instead be subtracted from the tax owed by heads of households or blind individuals.

• A similar percentage method applies to pension or annuity payments with the same surtax threshold.

For more information, see the Massachusetts Circular M: https://www.mass.gov/doc/massachusetts-circular-m-income-tax-withholding-tables-at-50-effective-january-1-2024/download

Michigan 2024 Tax Update

The updates for Michigan are:

• The value of a state allowance increases from $5,400 to $5,600.

• The flat income tax rate increases from 4.05% to 4.25%. 

• The withholding rate is 4.25 percent of compensation after deducting the personal and dependency exemption allowance.

For more information, see the Michigan Withholding Tax Information: https://www.michigan.gov/taxes/business-taxes/withholding/calendar-year-tax-information

Minnesota 2024 Tax Updates

The updates for Minnesota are:

• The value of the state allowance increases from $4,800 to $5,050.

• The tax brackets used in the percentage method were adjusted.

For more information, see the 2024 Minnesota Income Tax Withholding Instruction Booklet and Tax Tables: https://www.revenue.state.mn.us/sites/default/files/2023-12/wh-inst-24_1.pdf

Mississippi 2024 Tax Updates

For Mississippi, the flat tax rate decreases from 5% to 4.7%.

For more information, see the Computer Payroll Accounting PDF: https://www.dor.ms.gov/sites/default/files/Business/Computer%20Payroll%20Flowchart%20-%2009-26-23.pdf

North Dakota 2024 Tax Updates

For North Dakota, the tax brackets used in the percentage method were adjusted.

Percentage Method (Forms W-4 before 2020)

Withholding Methods (Forms W-4 for 2020 and after)

For more information, see the North Dakota income tax Withholding Rates and Instructions: https://www.tax.nd.gov/sites/www/files/documents/forms/business/it-withholding/income-tax-withholding-rates-and-instructions-booklet.pdf

Oregon 2024 Tax Updates

The updates for Oregon are:

• For an employee with annual wages up to $50,000, the federal tax adjustment amount increases from $7,800 to $8,250.

• For an employee with annual wages of $50,000 or higher, the tax table has changed.

• For an employee with annual wages up to $50,000, the tax table has changed.

• The state allowance amount increases from $236 to $249.

• The standard deduction amount increases for the following statuses:

  • Single with fewer than 3 allowances: From $2,605 to $2,745

  • Single with 3 or more allowances: From $5,210 to $5,495

  • Married: From $5,210 to $5,495

For more information, see the Oregon Withholding Tax Formulas: https://www.oregon.gov/dor/programs/businesses/Documents/withholding-tax-formulas_206-436_2024.pdf

Defect 2074742: On the Units tab, when you added a billing unit and you typed the first few characters of a unit name in the Unit field on the Billing Unit Insert dialog box, the unit was not found even though it existed. If you used the lookup in the Unit field, the unit was correctly returned in the lookup list. This issue occurred if there were over 100 units across multiple unit tables that started with the same letters or numbers as the unit you were looking for.