Summary
How to handle various exemptions from Indiana State Income Tax in Sage 50 Accounting.
Description
The 1st January 2024 payroll tax update will add support for INSIT First Time Dependent Exemptions using the Special 4 Allowance field on the employee record.
Resolution
The following fields on the Withholding Info tab in the employee records allow you to claim the appropriate exemptions from INSIT.
- Personal Exemptions (Employee & Spouse) - State Allowances field
- Dependent Exemptions - Special 2 Allowances field
- Adopted Child Dependent Exemptions - Special 3 Allowances field
- First Time Dependent Exemptions - Special 4 Allowances field
Africa
Asia
Australia
Canada
France
Ireland
Kenya
Nigeria
Portugal
South Africa
Spain
United Arab Emirates
United Kingdom
Germany