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Change Payroll Tax Rate in QuickBooks Desktop And Online

Last modified on February 26th, 2024 at 7:39 am

Change Payroll Tax Rate in QuickBooks Desktop And Online

QuickBooks allows you to Change Payroll Tax Rate in QuickBooks software. The method depends on the item type you wish to modify. You can alter payroll tax rates and billing rates for specific items like services and discounts. Most item rates, including miscellaneous state taxes, can be revised in the QuickBooks Item List. However, changing local payroll tax rates requires accessing the Employee Center.

The following are the limits that should be on the Payroll Item List for 2019:

  • Social Security $132,900
  • Federal Unemployment $7,000
  • Illinois Unemployment $12,960

How to Change Payroll Tax Rate in QuickBooks Desktop?

  1. In the “Lists” menu, select “Item List.”
  2. Choose the item whose rate you want to change from the available items.
  3. Click the “Item” drop-down arrow.
  4. In the Edit Item window, enter the rate change. You can change the cost of the item, the hourly fee, or a flat rate, depending on the item type.
  5. To close the window and save the rate, click “Save.”

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    Change the Local Sales Tax Rate

    1. From the “Employee” menu, select “Employee Center.”
    2. On the “Employees” tab, double-click the name of the employee whose local payroll tax rate you want to change.
    3. Select “Payroll and Compensation Info” from the “Change” tab drop-down menu.
    4. Click the “Taxes” button and the “Other” tab.
    5. Choose the tax to change and enter a new percentage rate in the “Rate” field.
    6. Click “Save” to confirm the changes.

    Also Read: Change Payroll Tax Rate in QuickBooks Desktop And Online

    How to Change Payroll Tax Rate in QuickBooks Online?

    If you use QuickBooks Online for your company file and manage your own payroll via Self Service Payroll, it’s crucial to review your state unemployment tax rate annually.

    To do this in QuickBooks Online:

    1. Click on the Gear icon.
    2. Select Payroll Settings.
    3. Navigate to State Taxes.
    4. Choose IL State Unemployment Insurance (SUI) Set Up.
    5. Click Change or Add New Rate.

    Conclusion!!

    This is all for this article. We have explained how to change the local sales tax rate in QuickBooks Desktop and Online in a simple step-by-step guide. In case, there is still you face any issues with fixing Change Payroll Tax Rate in QuickBooks error, please call our expert team at +1-800-983-3071. We are here to assist you 24/7 with your problems when you are doing your important tasks.

    Frequently Asked Questions

    Q1: How do I change my State Unemployment limit?

    Q2: How do I change the wage base in QuickBooks?

    Q3: How does QuickBooks Calculate Tax withholding?


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