Tax Day 2024 and How to Get an Extension from the IRS
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
Reciprocal states for Wisconsin include Illinois and Kentucky, and new hires must be reported within 20 days.
Reciprocal states for Wisconsin include Illinois and Kentucky, and new hires must be reported within 20 days. Learn more about this and other state tax facts below:
Withholding Requirements Register as an employer by clicking here. Wisconsin Withholding Exemption Certificate/ New Hire Reporting = Form WT-.
Withholding Method = formula. Supplemental Rate = Add to regular wages for current or preceding period, compute tax on total, and subtract tax withheld on regular wages, or withhold at: As of 4/1/2014. 4.0% 4.0% if annual gross < $10,910. 5.84% if annual gross > $10,910 and < $21,820.
6.27% if annual gross > $21,820 and < $240,190.
7.65% if annual gross > $240,190 and over.
Local Taxes
None.
State Tax Unemployment Insurance:
Reserve ratio formula.
Rate schedule a in effect.
Wage base is $14,000 for 2016.
Contribution rates range from 0.05% to 12.00%.
New employers with payroll < $500,000 use 3.25% for 2016.
New employers with payroll > $500,000 use 3.4% for 2016..All rates include the solvency tax. The solvency tax is assigned to the employer based on their contribution rate.
State Disability Insurance
None.
State Labor Laws
Minimum wage - The federal minimum wage rate applies.
Termination Pay - Fired/Quit - Next regular payday. If fired due to merging, liquidating or otherwise disposing of the business, ceasing business operations in whole or in part, or relocating all or part of the business to another area within or without the state, the employer, or the successors in interest of the employer, shall pay all unpaid wages to the employee at the usual place of payment within 24 hours of the time of separation.
Employers must report hiring, rehiring, and return to work within 20 days on Form W-4, Wisconsin for WT-4, electronically, by telephone, by internet to: Wisconsin New Hire Reporting
P.O. Box 14431Madison, WI 53708-0431
Phone: 888-300-4473
Fax: 800-277-8075
Child Support Wisconsin Support Collections Trust Fund
P.O. Box 74400 Madison, WI 53274-0400
Phone: 877-209-521To report online, click here.
Reciprocal States Illinois, Indiana, Kentucky, Michigan.
State Tax Resources Wisconsin Department of Revenue.
Wisconsin Department of Workforce Development.
Tax Day is on Monday, Apr 15, 2024. Not ready to file? Submit an electronic request to the IRS for an extension ASAP!
IRS has updated tax brackets for 2024. See how this affects your first paycheck this year!
Check out the updated 2024 Federal benefit limits for 401(k), HSA, and simple IRA, and more. Stay informed and plan your finances with confidence!