OSPS E-News ~ Federal Withholding Issue
Announcements from OSPS to the users of the Oregon State Payroll Application
osps-news at listsmart.osl.state.or.us
Thu Feb 27 15:04:59 PST 2020
Payroll Professionals,
It has recently come to our attention that some employees federal income taxes are being over withheld due to a system bug. The affected employees are those who have submitted a new W-4 for 2020. We are currently working with the system programmers to rectify the situation. We hope to have a fix in place by February Run 2 so any over withheld Federal Income tax will be systematically refunded to the employee.
Please note: federal income tax withheld is a component of the state tax withholding formula so there will likely be a small adjustment to the employee's state tax withheld as well.
Please feel free to contact me with any questions.
Thanks,
Matthew Riley, CPA
OSPS Sr. Application Analyst
DAS | Oregon Statewide Payroll Services
(503) 373-0254 - direct
(503) 378-3518 - fax
http://oregon.gov/DAS/Financial/payroll/Pages/index.aspx
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