Fiscal Year Memo 2024-16: Tax and Payroll Updates for Fiscal Year 2024
HR/CMS must be updated to comply with IRS and DOR requirements regarding employer responsibilities for Tax Year 2024. This memo highlights the requirements and the necessary department actions to be compliant, including recent changes in state and federal taxation.
Tax brackets and supplemental wage rate are included in this memo. As changes are published, the Office of the Comptroller (CTR) will update these items with revisions to this tax memo.