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dberry746
March 4, 2024
Question

2024 MT MW-4

  • March 4, 2024
  • 1 reply
  • 0 views

MT has a new MW-4 form effective 1/01/2024.  How do you enter an amount for line 4 "Reduced Withholding"?  In the instructions it states:  "To calculate the amount needed, divide the amount of your expected tax by the number of pay periods in a year.  Enter the amount to be withheld rather than the standard calculation."  

I don't see a field to enter an amount for line 4 on QB payroll employee tax information.  Has anyone else encountered this situation? 

Thanks in advance for your help!

1 reply

R
Rea_M
March 5, 2024

Thanks for bringing this matter to our attention, dberry746. We'll provide details about the new Montana (MT) withholding rules and their implementation in QuickBooks Online Payroll (QBO).

 

QuickBooks is already aware of the new MT MW-4 form update, and our payroll team is in the process of implementing it into the system. Rest assured that we'll send email notifications once the change has been reflected.

 

To learn more about MT MW-4, you can refer to this blog: Learn about changes to the Montana MW4 and withholding tax calculations for 2024.

 

Additionally, QuickBooks offers various payroll reports that include valuable insights into your business and employees. For a comprehensive list and instructions on customization, please see this article: Run payroll reports.

 

Don't hesitate to let us know if there's anything else we can do to help with payroll. We in the Community are always here to assist.

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