What's New

Federal changes:

• Federal Income Tax Withholding

State changes:

Important! Take note of updated setup instructions if you have employees in Alabama.

• Alabama State Income Tax: Setup instructions for overtime reporting
• Georgia State Income Tax
• Iowa State Income Tax
• Illinois State Income Tax
• Indiana State Income Tax
• Massachusetts State Income Tax
• Maryland State Income Tax
• Minnesota State Income Tax
• Mississippi State Income Tax
• North Carolina State Income Tax
• North Dakota State Income Tax
• Rhode Island Temporary Disability Insurance
• Vermont State Income Tax

The following states and territories also had changes to state unemployment wage limits: Colorado, Connecticut, Hawaii, Iowa, Kentucky, New York, Rhode Island, Virgin Islands, Washington.

For additional information about the Federal and State changes, see Sage Knowledgebase article: 2^nd January 2024 Tax Update Bulletin.

Sage HR Integration and Sync updates:

Important! To get the below updates, you will need to have the 2024.0.1 product update installed before installing this tax update. Click here for further details on 2024.0.1.

• Several fixes to issues and enhancements to functionality were delivered in this update. Click here for more information.

Is your tax update applied?

You will receive this update automatically through your product. The version for this tax update is 20240102 for releases 2023 and 2024. Follow these steps to make sure that your tax update was applied:

1. Open your Sage 50 company.
2. Select Help > About Sage 50 Accounting.
3. Confirm that the installed Tax Update version number matches version number 20240102.
4. If your Installed Tax Update version number does not match:
   1. Select Services > Check for Updates > Check Now.
   2. If multiple updates appear, select the update(s) you want to install, then select Download.
   3. After the download is finished, exit Sage 50 and the update will begin.

Need help?

Visit Sage.com/Resources for options, including links to Sage Year-end Center, Sage Knowledgebase, Community Hub, and Sage University, as well as Chat and Online Case submission.

You can also join us online at Sage Q&A Live to get answers to your questions in real time and to view online demonstrations on common topics. Enter your name and email address, click Join Webinar in Progress, and ask your question(s).