What's the difference between the federal withholding tax tables in these two patches?
I applied patch 30511496 on Tuesday of this week. It is entitled "2020 U.S. FEDERAL WITHHOLDING TAX CHANGES AND OASDI TAXABLE WAGE BASE". I then found documentation on patch 30590478 - "2020 U.S. PAYROLL TAX, GARNISHMENT & LEGISLATIVE ITEMS TOO LATE FOR 19E DELIVERY".
I noticed in 30590478 the document that goes with the patch lists the following -
$U 01/01/2020 A new table entry effective-dated 01/01/2020 includes the following changes for 2020:
1. The Social Security taxable wage base from $132,900 to $137,700 for 2020. The Social
Security tax rate on wages and tips remains unchanged at 6.2% for both employees and
employers for 2020.