Dynamics GP 2022 US Federal Tax Tables

Dynamics GP Federal Tax Table

Update – Microsoft has republished the Round 1 (12/16/2021) Dynamics GP updates with the new State and Federal tax table changes. Download the update here. This new update is still dated December 16, 2021 but includes the following items:

Changes in January Round 1 update

  • ICA Social Security Limit $147,000
  • Federal tax tables added 12/30/2021
  • California
  • Georgia
  • Iowa
  • Kentucky
  • Maine
  • Maryland
  • Michigan
  • Missouri
  • Nebraska
  • New Mexico
  • New York
  • Oklahoma
  • Oregon
  • South Carolina
  • Yonkers

2022 Federal tax changes

The maximum taxable earnings for Social Security increase in 2022 to $147,000 from $142,800.

Federal tax tables released 12/30/2021

The Personal Exemption is $4,300 for SINGLE, MAR, HOH, NRA

* For more details on the Update, visit the Microsoft Dynamics GP U.S. 2022 Payroll Tax Update page.

How to tell if I have the 2021 or 2022 Federal Tax tables installed?

Here’s a helpful hint from our Dynamics GP guru Terry Heley at Microsoft.  To verify which tax tables you have installed, check the amount showing for Head of Household in Tools / Setup / System / Payroll Tax.  Then choose FED for Federal and select HOH for Filing Status.  The first row will then display, $10,200 for for 2021 and $10,800 for 2022.

2021 Federal Tax Tables Installed:

Dynamics GP Tax Update

2022 Federal Tax Tables Installed:

Dynamics GP Tax Update

Upcoming Changes:

North Dakota and Wisconsin, keep watch for state changes around January 21, 2022.  For Wisconsin, this will include a CODE CHANGE.

If you have questions, or need assistance, please reach out and our expert Dynamics GP support staff can assist you.  Email us at sales@crestwood.com or call (847) 394-8820.

Leave a Reply