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Stay informed about the updates applied to PeopleSoft applications to keep your organization compliant

  • November 16, 2018

Legislative Update for PeopleSoft Payroll for North America - Missouri 2018 Withholding Tax Changes

The Missouri Department of Revenue published a revised Form 4282 (Employer’s Tax Guide) on October 3, 2018.  The new Missouri withholding tax calculation formula no longer uses the number of allowances from Missouri Form MO W-4.  Instead, the Missouri withholding tax calculation formula now uses the number of allowances claimed by the employee on IRS Form W-4, and requires calculating the estimated U.S. Federal tax on the employee’s annualized wages, reduced by the Missouri standard deduction for the Filing Status claimed on Missouri Form MO W-4. 

We have delivered modifications to PSPUSTAX to support the new tax calculation formula.  Links to patches can be found on our PeopleSoft Payroll Hot Topics Document.

For a detailed description of the new Missouri withholding tax calculation formula, see Form 4282 (Revision 10/03/2018) on the website of the Missouri Department of Revenue.

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