✅ How do I calculate my employee withholdings?

To calculate your employee's withholdings, you must have opted for the federal and state W-4 add-on. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ How is YTD calculated in 123PayStubs?

Year-to-date is the amount of income earned and deductions paid for the year, which comes useful during tax filing to file your tax return. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ How do you calculate payroll deductions?

Be it withholdings or deductions, our integration with payroll software accurately calculates all types of payroll deductions based on the current tax laws and the details you enter. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ Why choose Form W-4 2020?

The IRS had redesigned Form W-4 to reduce the complexity and increase the transparency and accuracy of the withholding system. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ What is the difference between 2020 w4 and 2019 w4?

The significant difference between the two forms is that in Form W-4 2020, instead of claiming withholding allowances, employees can claim dependents and other deductions to reduce federal income tax. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ Do I have to calculate taxes and other deduction amounts?

No, you would not have to. You can generate pay stubs with accurate tax calculations, including YTD values using 123PayStubs. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ How can the YTD values in paystub help my employees?

YTD is year-to-date that shows the amount of income earned from the beginning of the year to the current payroll date. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ Are the payroll taxes calculated on the pay stubs accurate?

Yes, you can count on us. Be it federal and state taxes, local taxes, social security, or Medicare taxes <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>

✅ How do I change the YTD amounts in pay stubs?

While creating pay stubs, based on the payday and pay schedule, the YTD values will be auto-calculated. <a href=https://support.123paystubs.com/kb/generate-paystubs/tax-calculations>read more</a>