Tax Tables - W2

PowerSchool will include the known state and federal tax tables for the new tax year with the Year-End BusinessPlus Release. In addition, tax tables can now be imported and exported separately using new masks PYTXWI and PYTXWE. 

Once downloaded and installed, the new tax tables should be verified for accuracy by consulting the current IRS Circular E and any corresponding state regulations.

Tax tables are sent out as a TAXxxxx (where xxxx is the tax year) in the Year-End Release download and copied into the update directory. During the Year-End Update install, the update script prompts with a yes/no question as to whether or not the new tax tables are to be installed.

All tax tables are stored in a series of PYTX/xxxxxxxx common codes (NUUPCD) for each tax year. The Code value depends on whether it is federal or state tax table related. Federal tax table values all begin with "FEnn" (where "nn" represents the 2-digit tax year). State tax table values begin with "xxnn" (where "xx" is the state abbreviation and "nn" is the tax year). 

Be aware that some states announce very late changes that do not make it into the Year-End release. Updated Tax Tables for those late changes will be posted to the client portal as soon as we become aware of them.