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United States Department of Agriculture |
Office of the Chief Financial Officer |
National Finance Center |
P.O. Box 60000 New Orleans Louisiana 70160 |
Publication Category: |
TAXES |
Bulletin: |
TAXES 14-22, Federal Income Tax Withholding |
Systems |
|
Date: |
December 18, 2013 |
To: |
Subscribers of Taxes |
This bulletin provides information concerning: (1) Federal income tax withholding formula changes for calendar year (CY) 2014 and (2) submission of Internal Revenue Service (IRS) Form W-4, Employee’s Withholding Allowance Certificate, to claim total tax exemption from Federal income tax for CY 2014.
Federal Income Tax Withholding
Effective January 1, 2014, the Federal income tax withholding tax formula will change. The Single or Head of Household and Married withholding tables will change and the exemption allowance will increase from $3,900 to $3,950.
Beginning with salary payments for Pay Period 25, 2013, Federal income tax will automatically be withheld in accordance with the new formula. No action on the part of the employee or the personnel office is necessary.
To view the updated tax formula, go to the NFC Home Page (
https://www.nfc.usda.gov) and click the Publications link at the top of the page. At the Publications page's left-hand menu, click Tax Formulas and select Federal from the map provided. Select Federal Income Tax Information. Changes to the tax formula are identified by "
."
W-4, Employee’s Withholding Allowance Certificate
Employees who intend to claim total Federal tax exemption for CY 2014 must submit a new W-4 prior to February 23, 2014. Effective Pay Period 04, 2014, employees who claimed total exemption for CY 2013 and who have not filed a new W-4 for CY 2014 will have Federal taxes withheld as single taxpayers with zero withholding allowance. A W-4 filed for the prior year does not extend tax exemption into CY 2014. A new W-4 must be filed for CY 2014.
Inquiries
For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the Internet using the Requester Console.
/s/
ANITA H. FINCHER, Director
Government Employees Services Division