IRS Releases Inflation-Adjusted Payroll Amounts for 2025

The Internal Revenue Service published its adjustments to payroll-related amounts for 2025 on Oct. 22.

Iowa Introduces Flat Tax in 2025 Withholding Methods

Iowa’s 2025 withholding methods are the first to use a flat tax rate of 3.8%, but also make changes to the standard deduction depending on which version of the state’s withholding certificate an employee has filed, the state revenue department said Oct. 25.

Maine Unemployment Tax Schedule to Remain Unchanged for 2025

Maine will continue to use Schedule A when determining unemployment insurance tax rates for experienced employers in 2025, according to an Oct. 28 press release from Maine’s Labor Department.

Missouri Decreases Unemployment-Taxable Wage Base for 2025

Missouri’s unemployment-taxable wage base will decease to $9,500 from $10,000, according to an update on the state’s website.

Bloomberg, KPMG to Cohost 2024 Payroll Year-End Webinar

Bloomberg Tax and KPMG LLP will hold a year-end webinar for payroll professionals on Nov. 20 at 2 p.m. ET.

PRACTITIONER INSIGHTS

View More Insights
Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services
Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services

Latest Stories

Iowa Introduces Flat Tax in 2025 Withholding Methods

Iowa’s 2025 withholding methods are the first to use a flat tax rate of 3.8%, but also make changes to the standard deduction depending on which version of the state’s withholding certificate an employee has filed, the state revenue department said Oct. 25.

Tax Developments

View More

IRS News Release: IRS, Security Summit Partners Remind Taxpayers to be Wary of Online Threats

The IRS and Security Summit partners Oct. 28 reminded taxpayers to be wary of online threats like identity theft and fraud. The partnership encourages everyone to be aware of the ...

Russia Upper House Approves Resolutions to Ratify DTAs, Protocol With Malaysia, Abkhazia

The Russian Federation Council Oct. 23 passed Resolution Nos. 415-SF and 416-SF, approving laws to ratify: 1) a new DTA and protocol with Malaysia, signed May 17, to replace the ...

New Mexico Tax Department Announces Filing Extensions for Chaves County Taxpayers Affected by Recent Flooding

The New Mexico Taxation and Revenue Department Oct. 24 announced that it will allow filing extensions for taxpayers affected by recent flooding in Chaves County. Affected taxpayers can receive up ...

EXPLORE BLOOMBERG TAX

Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: