ACS 11.7.1.50 Release Notes
View new features releasing on January 4, 2024
This release includes updated Federal payroll tax tables for 2024. We recommend loading this update AFTER processing 2023's final payroll. This ensures 2023 tax tables apply for your final payroll of the year.
Federal and State Tax Updates
We've updated Federal Tax tables to version 24.01.01.
Many states had tax table changes as well. We've updated state tax tables for Arkansas, California, Colorado, Connecticut, Georgia, Kentucky, Indiana, Iowa, Maine, Michigan, Minnesota, Mississippi, Missouri, Montana, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, and Vermont.
Updated Year-End Forms
We've updated Form 1096, as some Form Type boxes changed in 2023.
We also tested all year-end forms, including Forms 1099 NEC, 1099 MISC, and W-2, to ensure compliance.
Alabama Overtime Exempted from State Taxes
Effective January 1, 2024, hourly paid employees in Alabama will not pay any state income tax on overtime pay.
To meet the new law's administrative reporting requirements, in Define Lists, add a pay type for overtime pay and clear the State Taxable field. Use this pay type to record overtime pay.
To populate Form W-2 Box 14 with the code EX OT, add a cost center to each employee for the overtime wages.