Features Updates Supported Authorities Resources
Features
Italy
Income Tax: Added the ability to select local rates by choosing from the four options provided in
the Select Local Rate input. The default rate is 2.53%.
Social Security: Added the ability to select contribution rates by choosing from the four options
provided in the Select Social Rate input. The default rates are 9.5% for employees and 32.9% for
employers.
Updates
Updates include calculation and rate changes to reflect current tax law resulting from inflation
adjustments, legislative changes, and review of supported authorities. Effective dates indicate
when the changes enter into force. Amounts are annual unless stated otherwise.
Argentina
Income Tax: Made the following updates, effective January 1, 2024:
Denominated the tax brackets with a tax unit based on the monthly minimum wage (SMVM) (ARS 156,000 as of December 2023). The threshold for the top 35% bracket is 84 SMVM.
Added a standard deduction of 180 SMVM to replace the deductions for basic and dependent amounts, social security and pension contributions, and earned income. The standard deduction is calculated for residents when host month is more than 6 for inbound employees or when Tax Resident? is Yes for outbound employees.
Austria
Income Tax: Corrected the tax calculation when Calculate Non-Recurring Compensation is set to Yes. Previously, the nonrecurring tax table was applied to a wage base of 1/14th of income, resulting in a potential understatement of tax. The wage base is now 2/14ths of income, representing 13th- and 14th-month wages.
Canada
Increased the following, effective January 1, 2024:
Income Tax: Based on CPI changes:
Tax bracket thresholds. The threshold for the 37% top bracket increased by CAD 11,076 to CAD 246,752.
Minimum and maximum personal and spouse credits by CAD 95 to CAD 2,123 and by CAD 106 to CAD 2,356, respectively.
Employment credit by CAD 10 to CAD 215.
Maximum voluntary pension deduction by CAD 950 to CAD 32,490.
Social Security:
Pension plan (CPP) wage ceiling by CAD 2,000 to CAD 68,500.
Added the 4% additional CPP contribution calculated on income between CAD 68,500 and CAD 73,200.
Employment insurance:
Employee rate by 0.03% to 1.66% and employer rate by 0.04% to 2.32%.
Wage ceiling by CAD 1,700 to CAD 63,200.
Alberta
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds. The threshold for 15% top bracket increased by CAD 14,343 to CAD 355,845.
Personal, spouse, and dependent credits by CAD 88 to CAD 2,189.
British Columbia
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds. The threshold for the 20.5% top bracket increased by CAD 12,011 to CAD 252,669.
Personal credit by CAD 30 to CAD 636.
Spouse and dependent credits by CAD 26 to CAD 545.
Manitoba
Income Tax: Increased the tax bracket thresholds, effective January 1, 2024. The threshold for the 17.4% top bracket increased by CAD 20,410 to CAD 100,000.
New Brunswick
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds. The threshold for the 19.5% top bracket increased by CAD 8,314 to CAD 185,070.
Personal credit by CAD 55 to CAD 1,226.
Spouse and dependent credits by CAD 43 to CAD 961.
Newfoundland and Labrador
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds. The threshold for the 21.8% top bracket increased by CAD 46,000 to CAD 1.14 million.
Personal credit by CAD 38 to CAD 941.
Spouse and dependent credits by CAD 31 to CAD 769.
Ontario
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Two lowest tax bracket thresholds. The threshold for the 13.16% top bracket remains CAD 220,000.
Surtax bracket thresholds.
Personal credit by CAD 27 to CAD 626.
Spouse and dependent credits by CAD 23 to CAD 531.
Prince Edward Island
Income Tax: Made the following changes, effective January 1, 2024:
Added two new upper tax brackets. The top rate increased by 2.05% to 18.75% on income exceeding CAD 140,000.
Decreased rates on lower three tax brackets.
Increased personal credit by CAD 145 to CAD 1,303.
Increased spouse and dependent credits by CAD 184 to CAD 1,106.
Quebec
Increased the following, effective January 1, 2024:
Income Tax: Based on CPI changes:
Tax bracket thresholds. The threshold for the 25.75% top bracket increased by CAD 6,095 to CAD 126,000.
Personal and spouse credits by CAD 122 to CAD 2,528.
Maximum employment credit by CAD 70 to CAD 1,385.
Social Security:
Pension plan (QPP) wage ceiling by CAD 2,000 to CAD 68,500.
Added a 4% additional QPP contribution for income between CAD 68,500 and CAD 73,200.
Employment insurance:
Employee rate by 0.05% to 1.32% and employer rate by 0.058% to 1.848%.
Wage ceiling by CAD 1,700 to CAD 63,200.
Parental insurance plan (QPIP) wage ceiling by CAD 3,000 to CAD 93,500, based on AWW changes.
Saskatchewan
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds. The threshold for the 14.5% top bracket increased by CAD 6,656 to CAD 148,777.
Personal, spouse, and dependent credits by CAD 87 to CAD 1,942.
Croatia
Income Tax: Made the following changes, effective January 1, 2024:
Increased the rate for the highest tax bracket by 5.4% to 35.4%, applicable to income over EUR 50,400.
Increased the threshold and rate for the lowest tax bracket by EUR 2,620 to EUR 50,400 and 3.6% to 23.6%, respectively.
Removed the municipal tax rate.
Increased the personal deduction by EUR 348 to EUR 6,720.
Decreased the spouse and dependent deduction amounts. The spouse deduction decreased by EUR 1,344 to EUR 3,360.
Czech Republic
Increased the following, effective January 1, 2024:
Income Tax: Threshold for the 23% top bracket increased by CZK 174,848 to CZK 2.11 million.
Social Security: Wage ceiling by CZK 174,848 to CZK 2.11 million.
Denmark
Income Tax: Made the following changes:
Increased the following, effective January 1, 2024:
Threshold at which the 15% high tax rate applies by DKK 20,000 to DKK 588,900.
Personal allowance by DKK 1,700 to DKK 49,700.
Maximum job allowance and threshold by DKK 100 to DKK 2,800 and DKK 7,400 to DKK 216,100, respectively.
Maximum pension and extra pension deductions by DKK 2,200 to DKK 63,100 and DKK 2,700 to DKK 80,600, respectively.
Expatriate concession minimum salary by DKK 2,600 to DKK 75,100.
Maximum travel expense deduction by DKK 1,100 to DKK 31,600.
Decreased the maximum employment allowance by DKK 500 to DKK 45,100.
Greece
Income Tax: Increased the personal credit amounts for the first four dependents and added a credit of EUR 1,780 for a fifth dependent, effective January 1, 2024.
Italy
Income Tax: Updated the Qualifies for Inbound Concession calculation to exempt 70% of total income after deductions. Previously, the exemption was made before deduction for social security and pension contributions, leading to a potential understatement of tax.
Kazakhstan
Social Security: Corrected the employee pension ceiling, reducing it by KZT 1.75 million to KZT 3.5 million, effective July 1, 2023.
Lebanon
Social Security: Increased the wage ceiling for employee health insurance and employer social security by LBP 148,800,000 to LBP 216,000,000, effective September 1, 2023.
Luxembourg
Income Tax: Increased the bracket thresholds, effective January 1, 2024. The threshold for the 42% top bracket increased by EUR 12,741 to EUR 212,745.
Puerto Rico
Increased the following, effective January 1, 2024:
Income Tax:
Maximum deduction for employee voluntary pension contributions by USD 500 to USD 23,000 for employees under age 50.
Maximum tax relief for employee and employer voluntary pension contributions by USD 3,000 to USD 69,000.
Social Security: OASDI wage ceiling by USD 8,400 to USD 168,600.
Singapore
Income Tax: Removed the Exempt Foreign Employer Contributions tax position, effective January 1, 2024. Employers' contributions to foreign social security will be included in income for all estimates of inbound employees for years 2024 and beyond, leading to an increase in Singapore tax costs. We therefore recommend recalculating impacted inbound cost estimates which include these years.
United States
Increased the following, effective January 1, 2024:
Income Tax: For all filing status based on CPI changes. Amounts apply to single employees:
Tax bracket thresholds. The threshold for the 37% top bracket increased by USD 31,225 to USD 609,350.
Standard deduction. The deduction increased by USD 750 to USD 14,600.
Foreign earned income exclusion by USD 6,500 to USD 126,500.
Foreign housing exclusion base by USD 1,024 to USD 20,224.
Alternative minimum tax thresholds, exemptions, and exemption phaseout thresholds.
Maximum deduction for employee voluntary pension contributions by USD 500 to USD 23,000 for employees under age 50.
Maximum tax relief for employee and employer voluntary pension contributions by USD 3,000 to USD 69,000.
Social Security:
OASDI wage ceiling by USD 8,400 to USD 168,600.
Arkansas
Income Tax: Decreased the following, effective January 1, 2024:
Top bracket rate by 0.3% to 4.4%.
Maximum bracket adjustment amount by USD 50 to USD 380 for income over USD 90,800.
California
Income Tax: Increased the following for all filing status based on CPI changes, effective January 1, 2023. Amounts apply to single employees:
Bracket thresholds. The threshold for the 12.3% top bracket increased by USD 20,995 to USD 698,270. An additional 1% tax is imposed on income over USD 1 million.
Standard deductions and exemption credits.
Phaseout threshold for itemized deductions and exemption credits.
Connecticut
Income Tax: Made the following changes, effective January 1, 2024:
Decreased the rates for the first and second tax brackets by 1% to 2% and 0.5% to 4.5%, respectively.
Adjusted tax recapture amounts, thresholds, and maximums.
Georgia
Income Tax: Made the following changes, effective January 1, 2024.
Replaced the six-tier table with a flat rate of 5.49%.
Increased standard deductions for all filing status. The deduction increased by USD 6,600 to USD 12,000 for single employees.
Removed personal exemption.
Illinois
Income Tax: Decreased the standard exemption by USD 200 to USD 2,425, effective January 1, 2023.
Iowa
Income Tax: Made the following changes to the tax table for all filings status, effective January 1, 2024.
Removed the 6% bracket.
Increased bracket thresholds. The threshold for the new 5.7% top bracket is applicable to income over USD 31,050 for single employees.
Kentucky
Income Tax: Made the following updates, effective January 1, 2024:
Decreased the tax rate by 0.5% to 4%.
Increased the standard deduction by USD 180 to USD 3,160.
Maine
Income Tax: Increased the following for all filing status based on CPI changes, effective January 1, 2024. Amounts apply to single employees:
Bracket thresholds. The threshold for the 7.15% top bracket increased by USD 3,800 to USD 61,850.
Personal exemption by USD 350 to USD 5,050.
Personal exemption phaseout thresholds by USD 19,900 to USD 325,000.
Deduction phaseout threshold by USD 5,950 to USD 97,450.
Massachusetts
Income Tax: Increased the threshold for the 9% top bracket by USD 53,750 to USD 1,053,750 based on CPI changes, effective January 1, 2024.
Minnesota
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds for all filing status. The threshold for the 9.85% top bracket for single employees increased by USD 9,900 to USD 193,240.
Dependent exemption by USD 250 to USD 5,050.
Deduction and dependent exemption phaseout thresholds. The thresholds increased by USD 11,900 to USD 232,550 for single employees.
Mississippi
Income Tax: Decreased the top bracket rate by 0.3% to 4.7%, effective January 1, 2024.
Missouri
Income Tax: Made the following changes, effective January 1, 2024:
Increased the tax bracket thresholds based on CPI changes. The threshold for the top bracket increased by USD 462 to USD 8,911.
Decreased the top bracket rate by 0.15% to 4.8%.
Nebraska
Income Tax: Made the following changes for all filing status, effective January 1, 2024. Amounts apply to single employees:
Decreased the rate for the top bracket by 0.8% to 5.84%.
Increased the following based on CPI changes:
Tax bracket thresholds. The threshold for the 5.84% top bracket increased by USD 1,940 to USD 37,670.
Standard deduction by USD 450 to USD 8,350.
Exemption credit by USD 9 to USD 166.
North Carolina
Income Tax: Decreased the tax rate by 0.25% to 4.5%, effective January 1, 2024.
North Dakota
Income Tax: Increased the tax bracket thresholds based on CPI changes for all filing status, effective January 1, 2024. The threshold for the 2.5% top bracket increased by USD 12,150 to USD 238,125 for single employees.
Ohio
Income Tax: Removed the 3.75% top bracket, effective January 1, 2024. The new 3.5% top bracket rate applies to income above USD 100,000.
Oklahoma
Income Tax: Increased the threshold for the 4.75% top bracket by USD 2,200 to USD 14,400 for married employees, effective January 1, 2024.
Oregon
Income Tax: Increased the following for all filing status based on CPI changes, effective January 1, 2024. Amounts apply to single employees:
Tax bracket thresholds. The threshold for the 9.9% top bracket remains USD 125,000.
Standard deductions by USD 140 to USD 2,745.
Federal tax deduction maximum amounts by USD 450 to USD 8,250.
Exemption credit by USD 13 to USD 249.
Rhode Island
Income Tax: Increased the following for all filing status based on CPI changes, effective January 1, 2024. Amounts apply to single employees:
Tax bracket thresholds. The threshold for the 5.99% top bracket increased by USD 9,100 to USD 176,050.
Standard deduction. The deduction increased by USD 550 to USD 10,550.
Personal exemption by USD 250 to USD 4,950.
Personal exemption phaseout threshold and step by USD 12,700 to USD 246,450 and USD 350 to USD 7,050, respectively.
South Carolina
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Tax bracket thresholds. The threshold for the 6.5% top bracket increased by USD 930 to USD 18,100.
Dependent exemption by USD 260 to USD 5,000.
Utah
Income Tax: Increased the following based on CPI changes, effective January 1, 2024:
Dependent exemption by USD 105 to USD 2,046.
Credit phaseout thresholds for all filing status. The threshold increased by USD 910 to USD 17,652 for single employees.
Vermont
Income Tax: Increased the following based on CPI changes for all filing status, effective January 1, 2024. Amounts apply to single employees:
Tax bracket thresholds. The threshold for the 8.75% top bracket increased by USD 12,450 to USD 242,000.
Personal exemption and standard deductions. The exemption and deduction increased by USD 650 to USD 5,150 and by USD 950 to USD 7,450, respectively.
Virginia
Income Tax: Increased the standard deduction for all filing status, effective January 1, 2024. The deduction increased by USD 500 to USD 8,500 for single employees.
Wisconsin
Income Tax: Increased the following based on CPI changes for all filing status, effective January 1, 2024. Amounts apply to single taxpayers:
Tax bracket thresholds. The threshold for the 7.65% top bracket increased by USD 11,140 to USD 315,310.
Standard deductions and phaseout thresholds. The deduction and phaseout threshold increased by USD 470 to USD 13,230 and by USD 670 to USD 19,070, respectively.
Supported Authorities
Search “supported authorities” and "supported subauthorities" in the help center for a full list of our 223 supported authorities including:
153 Countries
50 American States and the District of Columbia
10 Canadian Provinces
9 Swiss Cantons
Resources
Help Center articles updated this release: