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Dec 30, 2024 9:34 PM UTC
Solved

Latest payroll update - rates not updated as listed

I have the most recent update, 22501 released December 19, which lists Washington tax rate changes for 2025, but those rates are not reflected in the payroll items list.

BigRedConsulting
Dec 30, 2024 10:21 PM UTC

That's true because it's still 2024.

 

The payroll tax tables contain rates for multiple periods/years.  The rate that appears depends on your computer's system date.

 

This is so you can, for example, create either a late 2024 payroll or an early 2025 payroll today (12/30) and the correct rate will be used in both cases, depending on the payroll/paycheck date.

 

If you want to see the new rates for 2025, change your system date to 2025 and then reopen the payroll item list. (Or, you may need to close and reopen the company file. I can't remember.)

4 replies

BigRedConsulting
Dec 30, 2024 10:21 PM UTC

That's true because it's still 2024.

 

The payroll tax tables contain rates for multiple periods/years.  The rate that appears depends on your computer's system date.

 

This is so you can, for example, create either a late 2024 payroll or an early 2025 payroll today (12/30) and the correct rate will be used in both cases, depending on the payroll/paycheck date.

 

If you want to see the new rates for 2025, change your system date to 2025 and then reopen the payroll item list. (Or, you may need to close and reopen the company file. I can't remember.)

Dec 30, 2024 10:26 PM UTC

So if I am running the first payroll for 2025 today, I have to "fool" QB into believing its 2025? I assumed QB would use the payroll date as the date to apply the proper taxes...

BigRedConsulting
Dec 30, 2024 10:29 PM UTC

No. QuickBooks correctly uses the payroll date to calculate taxes, not your computer's system date.