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Federal Personal Exemption in 2021

  • 1.  Federal Personal Exemption in 2021

    TOP CONTRIBUTOR
    Posted 26 days ago
    Greetings All,

    It's my understanding that the personal exemption has been discontinued in 2021.  If so, I wonder why it shows up as $4,300 on some of the GP tax tables after the 2021 update.

    Thanks (Happy New Year!),

    ------------------------------
    Don McCready
    Retired Controller and IT Director
    The Schaefer Group, Inc.
    Beavercreek OH
    ------------------------------
    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 2.  RE: Federal Personal Exemption in 2021

    GPUG ALL STAR
    Posted 25 days ago
    Hi Don, Happy New Year to you!
    If an employee has not filled out a new W4, they could still have those listed.
    Here is my W4 blog from last year that explains some of this and how our tax tables work in the system.

    This did not change for 2021.

    https://community.dynamics.com/gp/b/dynamicsgp/posts/new-2020-payroll-w-4-how-does-it-work-in-microsoft-dynamics-gp

    Let me know if you have further questions, thanks
    Terry Heley

    Microsoft



    ------------------------------
    Terry Heley
    HR/PR expert
    Microsoft
    West Fargo ND
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


  • 3.  RE: Federal Personal Exemption in 2021

    TOP CONTRIBUTOR
    Posted 24 days ago
    Thanks, Terry!

    ------------------------------
    Don McCready
    Retired Controller and IT Director
    The Schaefer Group, Inc.
    Beavercreek OH
    ------------------------------

    Digital Acceleration Binge Day January 28, 2021 | 11:00 AM to 2:00 PM EST


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