Multiply the number of Allowances by $4,300. Determine the exemption allowance by applying the following guideline and subtracting this amount from the results in step 5 to compute the taxable income:.Subtract the standard deduction adjustment from the following tables, based on marital status, from the annualized gross pay to get adjusted annualized gross pay:.Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the gross annual wages.Add the taxable biweekly fringe benefits (e.g., taxable life insurance) to the amount computed in step 2 to obtain the adjusted gross biweekly wages.

Subtract the nontaxable biweekly Federal Employees Health Benefits Plan payment(s) (includes dental and vision insurance program and Flexible Spending Account - health care and dependent care deductions) from the amount computed in step 1.Subtract the nontaxable biweekly Thrift Savings Plan contribution from the gross biweekly wages.Withholding Formula (Effective Pay Period 03, 2021) In the event that the employee does not file a State withholding allowance certificate, then Single and zero allowances (S00) will be used as the basis for withholding. If less than 10, precede with a 0 (zero). Second and Third Positions - Enter the number of allowances claimed. Tax Formulaĭetermine the Total Number of Allowances Claimed field as follows: No action on the part of the employee or the personnel office is necessary. The Single and Married income tax withholding tables have changed.The Single and Married standard deduction tables have changed.The income tax withholding formula for the State of Maine includes the following changes: TAXES 21-06, Maine State Income Tax Withholding If you are looking for the most up-to-date information, please visit the current Publications pages under the HR Client Services page. The content and references contained within the archives may no longer apply. As a result, hyperlinks may no longer function and may reference other archived material. This area has been archived for research purposes and is no longer actively maintained. You have reached NFC’s publication archives

2021 me income tax brackets