News & Information

 

FEATURED PRODUCT

U.S. Master Payroll Guide (2011)
This one-source resource to payroll is part of CCH's Master Series of professional guidebooks. You'll find everything you need to know about payroll from employers and their obligations to payroll withholding and tax deposits to payroll management and administration issues.

Learn More »

CCH® PAYROLL — 03/16/10

Oregon issues withholding calculators for high-income earners

The Oregon withholding tables dated January 1, 2007, will remain in effect for all employees with wages less than $125,000 (see CCH PAYROLL MANAGEMENT GUIDE ¶8048 and ¶8049). Employers with employees who earn annual wages of $125,000 or more must use the new payroll withholding calculators to modify withholding to adjust for the changes resulting from Measure 66 (see CCH PAYROLL MANAGEMENT GUIDE Report Letter 2132, dated February 2, 2010).

For employers with a small number of employees with annual wages of $125,000 or more, an option is to have the employee(s) modify withholding using Form W-4 and the Oregon Personal Allowances Worksheet. Oregon intends to modify the Oregon withholding tables effective January 1, 2011, and will make the 2011 tables available the week of November 29, 2010.

(Oregon Department of Revenue, Payroll withholding calculators for high-income earners, 105-206-431, March 2010; http://www.oregon.gov/DOR/BUS/payroll_updates.shtml.)

For more information on this and other topics, consult the Visit our News Library.

Visit our News Library to read more news stories.