Florida does not have a state income tax. Therefore, there are no requirements regarding depositing and reporting of withheld state income tax applicable to private employers.
Alaska does not have a state income tax. Therefore, there are no requirements regarding depositing and reporting of withheld state income tax applicable to private employers.
The OBBBA repeals taxes on tips and overtime, increases the maximum amount employees may exclude from taxable income for dependent care benefits, and makes other key payroll changes.