Related pages
- Relative to the net capital gains deduction, if the sale was structured as an installment sale, will installments recognized after January 1, 2025 be eligible for the deduction?
- Are there any changes to the combined personal exemption-standard deduction?
- Are there any changes to the IRC Section 280C deduction?
- Are there any changes to the provision governing property located inside a foreign trade zone (FTZ)?
- Are there any new deductions?
- Can I claim the net capital gains deduction for sales occurring on or after January 1, 2025?
- Can I still claim the additional $1,000 deduction for the blind, persons 65+, and dependents?
- Can I still claim the IRC Section 280C deduction?
- Can I still claim the net capital gains deduction for a sale that occurred prior to January 1, 2025?
- Did the annual retirement exemption change?
- Did the income tax rates for estates and trusts change?
- Does Louisiana offer a deduction for bonus depreciation?
- Does Louisiana still have individual income tax triggers?
- How does the flat 3% individual income tax rate affect withholding for nonresident professional athletes?
- In the withholding formula, what does the phrase “midpoint of salary ranges” refer to with regard to the variable S?
- Is the corporation franchise tax repealed?
- Is there a standard deduction available for entities taxed as a corporation?
- What are the income tax rates for S corps and other pass-through entities making the pass-through entity (“PTE”) election?
- What are the individual income tax rates and brackets?
- What is the corporation income tax rate?
- Will the amount withheld from my paycheck change?
- Will the standard deduction change each year or stay the same?
- Will the tax tables be updated?
Related pages
- Relative to the net capital gains deduction, if the sale was structured as an installment sale, will installments recognized after January 1, 2025 be eligible for the deduction?
- Are there any changes to the combined personal exemption-standard deduction?
- Are there any changes to the IRC Section 280C deduction?
- Are there any changes to the provision governing property located inside a foreign trade zone (FTZ)?
- Are there any new deductions?
- Can I claim the net capital gains deduction for sales occurring on or after January 1, 2025?
- Can I still claim the additional $1,000 deduction for the blind, persons 65+, and dependents?
- Can I still claim the IRC Section 280C deduction?
- Can I still claim the net capital gains deduction for a sale that occurred prior to January 1, 2025?
- Did the annual retirement exemption change?
- Did the income tax rates for estates and trusts change?
- Does Louisiana offer a deduction for bonus depreciation?
- Does Louisiana still have individual income tax triggers?
- How does the flat 3% individual income tax rate affect withholding for nonresident professional athletes?
- In the withholding formula, what does the phrase “midpoint of salary ranges” refer to with regard to the variable S?
- Is the corporation franchise tax repealed?
- Is there a standard deduction available for entities taxed as a corporation?
- What are the income tax rates for S corps and other pass-through entities making the pass-through entity (“PTE”) election?
- What are the individual income tax rates and brackets?
- What is the corporation income tax rate?
- Will the amount withheld from my paycheck change?
- Will the standard deduction change each year or stay the same?
- Will the tax tables be updated?
Why do the withholding tables use 3.09%?
The withholding tables utilize a rate of 3.09% rather than the 3% income tax rate to provide a cushion. This cushion reduces the chances that the taxpayer will have a balance due with their return. Any amount withheld in excess of the tax liability is refundable.