Texas has no state income tax, and no payroll tax withholding. However, employers still need to withhold federal tax, Medicare and social security, and pay several employer taxes (including Medicare, social security, SUTA and FUTA).
HINT: TurtleSoft provides free annual updates for US federal and Texas tax withholding rates.
Texas State Withholding Instructions
To enter withholding information for an employee in your Goldenseal company file, follow these steps:
Texas State Unemployment Tax Instructions
In 2022 the Texas SUTA tax for unemployment insurance applies to the first $9,000 in wages for each employee (unchanged since 2006). The starting rate for a new company is 2.7% (except for some industries that have a higher rate). Rates for experienced companies range from .29% to 7.7% depending on their ratio of contributions to claims.
To enter your Texas state SUTA tax rate into Goldenseal payroll software, follow these steps:
Texas Marital Status
Use the following to determine the value for the Marital Status popup menu in each Employee account:
State Tax Contacts
Little Known Texas Tax Fact
There is a Texas Tack Tax of two tenths of a cent per tack package. This tax was enacted so Texas legislators could polish their elocution, while debating its renewal each year.
Official State Lawn Ornament
Mesquite.
Goldenseal Payroll Software Info | US Federal Withholding Tables | Free 2023 Payroll Tax Table Updates
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