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Feb Vertex 2018 and Qualified Moving Expenses Reimbursement
Hi all,
After install of the 2018 FEB Vertex maintenance file we didn't see Federal changes to the Tax Withholding Rules table with our Tax Category, Moving Expense - Qualified. The boxes for FIT, EIC, FUTA, Medicare and SS all remained unchecked. We have checked at state level (California) for no changes. Based on legislative changes, Federal and California for the Qualified Moving Expenses Reimbursements plan are taxable for 2018.
Can someone confirm if the Tax Withholding Rules table for plan will need to be updated manually and or if Oracle will handle applicable tax calculations for defined earnings internally based on Vertex file?