Payroll for NA / Time and Labor - PSFT (MOSC)

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MS state tax withholding tax rate question

in Payroll for NA / Time and Labor - PSFT (MOSC) 3 commentsAnswered ✓

MS state tax withholding per their website says that the first $10,000 in taxable wages has a rate of 0% and anything after that is taxed at 4.7% (2023 rate). 2024 rate changes to 4.7% and I am assuming is included in Tax update 24-A which we have not applied yet. PeopleSoft is withholding taxes on the first payroll that we ran for 2024. Shouldn't it not be withholding anything if the tax rate is 0% n the first $10K in wages? Has anyone else had this issue?


We are on PeopleSoft 9.2 - PTools 8.60

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