Logo Support   Sign In   Cart Search
 

How to Calculate 2024 Federal Income Withhold Manually


ezPaycheck payroll software speeds up and simplifies payroll tax calculation, paycheck printing and tax reporting for small businesses. However if you like to calculate the taxes manually, you can find the step by step guide below.

Follow the steps in this sample if employee submitted 2020 and later W4 Form

Example: John, married filling jointly, 2022 W4 form, semimonthly pay period, gross pay 1208.63 per paycheck.

Steps to calculate the 2024 tax manually

1. Download and print page 9 of Publication 15-T(2024)

https://www.irs.gov/pub/irs-pdf/p15t.pdf(full version)

2. Fill in box 1a to 2a



3. Refer to the 2024 federal tax tables for box 2b, 2c, and 2d.



4. Fill in box 2e to 4b
The federal tax is $0.00.
(The IRS added the tax inflation adjustments for the 2024 tax year and this employee gets more take-home pay than 2023.)


If you generate the paycheck with ezPaycheck payroll software, you will see the same result there.

  • The employee set up



  • Add a new paycheck and ezPaycheck will calculate the 2024 taxes automatically.




  • More Information

  • 2024 Federal tax table

  • How to calculate federal tax automatically and withhold it from each paycheck

  • How to create after the fact paychecks and generate the paystubs

  • How to make federal income tax deposit

  • Why the federal income tax is not correct on paystub







  • Related Links: