Sage 50 January 2025 Payroll Update – Download & Install Tax Table Updates

Sage 50 January 2025 Tax Update Release

Keeping track of the tax updates is essential to know what needs to be done. However, during the taxation time, many people faced different kinds of doubts and issues, which in turn led to confusion. Let us explore the details of ‘The January 2025 Tax Payroll Update Release.’

Payroll Tax Forms: All the payroll tax forms are now available in the selection window as of 20th December 2024. To get the latest tax update, click on the state form or federal form and then select Next. For any available updates, the next screen will have a section to automatically update the existing forms. It is important to have all the updates related to the form. If you are unable to see the message about the latest payroll update, get in touch with the Sage 50 Payroll Support team to activate the auto-update payroll.

Have you checked the what’s new added in Sage 2025 Tax Table Update, have to apply it your company payroll software.

What’s New in Sage 50 2024 Payroll Update Release

It is important to note that certain federal and state taxes were not finalized in time for the release of our first tax update. A second tax update will be released shortly with the final tables and withholding amounts for 2023.

Federal Tax Changes

• Federal Income Tax Withholding – The Sage 50 2024 withholding tax table has changed. As a result of changes to the W-4 form beginning in the 2020 calendar year, revised filing statuses are available, as well as 2019 and older filing statuses for employees who have not modified their existing withholding elections.
• Social Security Wage Base – In 2022, the Social Security wage base will increase to $168,600.

State and Local Tax Changes

Important: Please take note of the setup instructions if you have employees in Colorado or Oregon.

• Alabama State Income Tax – Setup instructions for Alabama State Income Tax (ALSIT) overtime reporting
• Arkansas State Income Tax – Withholding Table and Allowance Updates.
• California Disability Insurance – Withholding rate and taxable wage limit changed.
• California State Income Tax – Withholding Table & Standard deduction changes and new filing status added.  New filing statuses added for Head of household, Married, Single, and Married/2 Incomes.
• Colorado Family and Medical Leave Insurance – Withholding rate and taxable wage limit changed.
• Colorado State Income Tax – Withholding changes supporting form DR0004 and a new filing status added. New filing statuses added for Married Filing Separate and Qualifying widow(er).
• Connecticut Paid Family Leave – Withholding rate changes.
• Connecticut State Income Tax – Withholding Table and Allowance updates, Phase-out Add-back changes, and a new Recapture provision.
• Hawaii Temporary Disability Insurance – Annual wage and deduction rate changed.
• Illinois State Income Tax – Removed 2023 catch-up allowance and standard allowance update.
• Indiana State Income Tax – Changes to Indiana State Income Tax (INSIT) in the 1st Jan. 2024 payroll tax update
• Iowa State Income Tax – Withholding tables and formula changes.
• Kentucky State Income Tax – Allowance updates.
• Maine State Income Tax – Withholding Table & Phase-out and Standard Deduction Changes.
• Massachusetts State Income Tax – Massachusetts State Income Tax (MASIT) procedure for proper withholding for blind taxpayer and/or spouse
• Massachusetts Paid Family Leave – Wage base and contribution rate changes.
• Missouri State Income Tax – Withholding Table & Standard deduction changes.
• Mississippi State Income Tax – Withholding Rate and Personal Exemption Changes.
• Minnesota State Income Tax – Withholding table and standard deduction changes.
• Montana State Income Tax – Withholding Table & Standard deduction changes and new filing status added. New filing statuses added for Married/2 Incomes, Qualifying Widow(er), and Head of Household.
• Nebraska State Income Tax – Withholding Table and Allowance Updates.
• New Jersey State Disability Insurance, Unemployment Insurance, and Family Leave Insurance, State Income Tax – Taxable wage base and rate changes.
• New Mexico State Income Tax – Withholding Table changes.
• New York Paid Family Leave – Taxable wage base and rate changes.
• New York State Income Tax – Withholding tables changed.
• New York Yonkers Local Income Tax – Withholding tables changed.
• Ohio State Income Tax – Withholding Table changes.
• Oklahoma State Income Tax – Withholding Table changes.
• Oregon Paid Leave – Taxable wage base change.
• Oregon State Income Tax – Withholding Table and Allowance Updates.
• Rhode Island State Income Tax – Withholding Table and Allowance Updates.
• South Carolina State Income Tax – Personal Allowance, Standard Deduction, and Withholding Tables changed.
• Washington Paid Family Leave – Taxable wage base and rate changes.

2024 State Unemployment Wage Limits

State	Employee Annual Wage Limit	State	Employee Annual Wage Limit
Alaska	49,700	New Jersey	42,300
Idaho	53,500	Nevada	40,600
Illinois	13,590	Oregon	52,800
Missouri	10,000	Utah	47,000
Minnesota	42,000	Vermont	14,300
Montana	43,000	Wyoming	30,900

Have you applied for your tax update?

Follow these steps to ensure that your tax update has been applied. You will receive this update automatically through your product. The version for this tax update is 20240101 for releases in 2023 and 2024.

• Open your Sage 50 company.
• Go to Help > About Sage 50 Accounting.
• Verify that the version number listed above matches the version number installed on your computer.
• If your Installed Tax Update version number does not match:
  • Check for updates by selecting Services > Check for Updates > Check Now.
  • If multiple updates appear, select the update(s) you want to install, then select Download.
  • Once the download is complete, exit Sage 50, and the update will begin.

Why is Payroll Update Sage 50 2023 important?

Important Point:
The payroll tax form list in the selector window will also be updated when other payroll forms are updated. If you try to run 2023 year-end forms like 943/945/940 or W-2s, but only 2022 forms are visible to you, act:

• Select Form 2022 and then select OK.
• If you run Business Care or Sage 50 Payroll, the next window that opens will ask you to update the form that you have recently opened.
• Once the form update is done, the 2023 year-end form will appear in the selection window of the Payroll Tax Form.

Important Point:
The taxation authority has already approved the form that Sage 50 provides to you. While some states haven’t approved the forms. For any form that can be mailed or printed, but the form has not yet received any sort of approval, a tag will appear on the form, “Record Copy Do Not File.” The Record Copy will be removed once the form gets approval from the taxation agencies. You will get all the periodic updates of the forms via the Payroll Tax Form automatic update.

Make sure that you have all applicable Tax Updates.

The version of this tax update for releases 2023 and 2024 is 20240101. Follow these steps to confirm your tax update was applied:

For Releases 2023 and 2024:

1. Open your Sage 50 company.
2. Select Help > About Sage 50 Accounting.
3. Confirm that the Installed Tax Update version number matches the version number listed above.

Why user unable to Open Sage 50 After Windows OS update, AccountsPro team create a complete checklist & a user guide to avoid things.

How to Install the Latest Sage 2024 Payroll Update

To install tax updates, you must be subscribed to the payroll tax service.

Step One: Check for updates within the Program

• Go to Services and check for Updates. Click Check Now.
• Click Download.
• If you are not asked to download, close Sage 50 and right-click the Sage 50 program icon. Choose Run as administrator, then check for Updates again.
• Close Sage 50 to start the installation.
• Follow the on-screen instructions.

Step Two: Install the tax update manually

• Press the Windows key + E to open File Explorer.
• In the File Explorer, browse your data path.
• In the data path folder, locate the Updates folder and open it.
• Find the tax update file. It will appear in the format of payroll year, month of update, and Sage 50 version.
• For example, the file name of the October 2023 tax update is Tax2023Oct_Release202x.exe
• Run the update by double-clicking it and following the prompts to install.

Help For Sage 50 Tax Table Update

AccountsPro is an online platform that handles all the queries and issues related to any edition and/or version of Sage. All you have to do is get in touch with us via any of the modes of communication that we have made available, and the Sage Support team will provide you with an instant solution via remote access. Our experts are available 24*7.

We also have Sage Payroll Live Chat Support on our website. We have a team of professionals who can provide you with all the solutions related to errors and issues in your Sage accounting software.

Problem During Sage Payroll Update UK, US & Canada

The user might see some kind of Warning Message or Error on their screen while installing the 2024 Tax Table Update

• The Sage Update Service could not be contacted. Please check your internet connection or contact your system administrator.
• The specified Sage Update could not be found. Please contact Sage Customer Services.
• The download failed. Please check your Internet connection or contact your system administrator.
• The download failed. Please contact Sage Customer Services.
• Your computer’s disk is almost full. Please check that you have at least xxxx of free disk space available on your computer’s disk.
• An unknown error has occurred. Please contact Sage Customer Services
• The downloaded update was not correctly signed
• Error: ‘Failed to Update’
• Sage Payroll update Error 0x80070002
• The latest Sage 50 Accounting service release is not installed on your computer. You must install the service release before running this Sage 50 Payroll Solutions update
• Getting the common app registry key failed with an error -2147024894