Louisiana R-1300 Withholding Tax Update in NetSuite 2025.1
Louisiana R-1300 withholding tax changes in NetSuite 2025.1 to comply with new state formulas.
Starting in NetSuite 2025.1, effective January 1, 2025, Louisiana will implement a revised withholding tax formula. To meet the state’s updated tax agency requirements, SuitePeople U.S. Payroll version 24.02.16 introduces essential modifications to the employee record, specifically focusing on the Louisiana Withholding tax filing options.
What's New in the Updated R-1300 Form
With the new requirements, the following filing status options are now available in NetSuite for Louisiana Withholding tax:
- No Deduction: For employees who are exempt from withholding tax.
- Single or Married Separately: For individuals who file taxes individually, whether single or married but filing separately.
These changes are designed to streamline compliance with state regulations and facilitate more accurate payroll processing for Louisiana-based employees.
Who This Affects
- HR Professionals: Those managing employee records will need to update filing options.
- Payroll Administrators: Payroll teams need to adjust systems to accommodate the new withholding calculations.
- NetSuite Administrators: Should be proactive in configuring employee records to align with the new tax formula.
Key Takeaways
- Louisiana’s withholding tax formula changes effective January 1, 2025.
- New filing status options: No Deduction, Single, and Married Separately.
- Updates are specifically applicable to SuitePeople U.S. Payroll version 24.02.16.
- Administrators should ensure configurations are in place for compliance.
Source: Change in Louisiana R-1300 Withholding Tax — NetSuite Release Notes PDF. This article was generated from official Oracle documentation and enriched with additional context and best practices.
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