The 1st January 2018 Sage 50 US Payroll Solutions Update was released today, December 19th 2017
This update contains Federal and State tax formula calculations for the 2018 calendar year reported through December 13th, 2017. To receive this update, you must be subscribed to a Sage Business Care or Subscription plan that includes Payroll. If you do not manually install the update, you will be notified via Online Update within your Sage 50 US product.
For more information on the Federal and State payroll tax calculations and additional changes included in this update, please refer to Support Article below that corresponds with the release year of your product.
- Sage 50 US 2018: 2018 Download Update for Sage 50 US 2018 and Detailed Changes
- Sage 50 US 2017: 2018 Download Update for Sage 50 US 2017 and Detailed Changes
Attention New York Employers or Out of State Employers with employees living in New York:
The Paid Family Leave employee tax formula is included in this update. Certain steps are required to activate the tax formula. After installing the update, please follow instructions contained in Support Article 88103.
Additional changes that are reported after December 13th, 2017 will be provided in the 2nd January 2018 Sage 50 US Payroll Solutions Update, expected to be released in mid-January.
Due to the passage of the Tax Reforms and Jobs Act, the Federal Income Tax Withholding tables for 2018 contain the same tax calculations and wage brackets from 2017 at this time.
Updated formulas are expected to be incorporated in the 2nd January 2018 Tax update, with changes reflects in employee checks as early as February.
For more information regarding this matter, please refer to the following link on the IRS website:
IRS Special Statement - Withholding for 2018
