QuickBooks Payroll Tax Table Update- Verify & Download

update payroll tax tables in QuickBooks

QuickBooks payroll tax table allows you to calculate and report taxes, fulfill your tax compliances with Internal Revenue Service and Tax agencies. If you want to run payroll without any errors while using the QuickBooks application, you must install the available QuickBooks payroll tax table update. Updating the QB tax table ensures error-free tax filing for the users having an active QuickBooks payroll subscription.

Moreover, with QuickBooks Desktop providing payroll updates, you can get a clear idea of the current rates and calculations for supported provincial and federal tax tables, payroll tax forms, and E-FILE options. Whenever, you pay your employees, make sure to update the tax table everytime. However, if you’re having a QuickBooks Online Payroll subscription, the updates will be installed automatically. Now, you must be understood all the benefits of updating the tax table. Before you follow the update process, there are some cautionary steps mentioned in the next section that you must take into consideration to remove any hindrance.

Are you looking for something that can help you install the Latest QuickBooks Payroll Tax Table updates? If yes, then, get in touch with our experts by dialing our Helpline Number +1(855)-955-1942 and get all such queries resolved instantly.

Factors To Consider Before Updating QuickBooks Payroll Tax Table

Below we have listed certain factors that you must take into consideration before you begin to install the QuickBooks Payroll Tax Table Update:

  • To receive the QuickBooks Payroll Tax Table Update automatically, Make sure to turn on the automatic updates feature on the QuickBooks desktop.
  • The QuickBooks desktop application must be updated to its latest release.
  • You must have an active payroll subscription to update the QuickBooks payroll tax table.
  • For updating the payroll tax table, you must have a stable internet connection.
  • Try to download the tax table at least within 45 days. Else, when you make a payment to your employees, you must update the same each time.

The current version of the QuickBooks payroll tax table is 11430003 (QuickBooks Desktop 2021). It was released on June 24, 2021 and is effective from July 1, 2021 to December 31, 2021.

Aren’t you sure about the version of the payroll tax table that you have? Well, in that case, you must follow the below-given steps:

  • Open the QuickBooks application in the first place.
  • Go to the Employees menu and click on My Payroll Service followed by Tax Table Information.
  • The tax table version would be signified by the first three numbers under “You are using the tax table version.” However, 11430003 will be displayed. The release would appear as 114 if you have already updated your QuickBooks desktop application.

Note: If you’re looking forward to downloading the QuickBooks Payroll Tax Table Update, then it’s essential for you to have the QuickBooks Desktop 2021 or QuickBooks Desktop Enterprise Solutions 21.0.

Follow the below-given steps to download the Latest QuickBooks Payroll Tax Table Update anytime while in QuickBooks: 

Important: As of January 2021, disk delivery was discontinued, thus you won’t be able to update your tax tables via CD.

  • Firstly, you need to Open the QuickBooks Application and click on the Help menu. 
  • Select Update QuickBooks from the drop-down menu.
  • Now, the user is required to go to the Update Now tab and click on Get Updates option.
  • Make sure to close the QuickBooks Desktop application once the download completes.

Note: You can download the tax table updates over the Internet if you have an active QuickBooks payroll subscription. To do this, you may also set up automatic updates so that QuickBooks can download the payroll updates on its own whenever available.

Which Features Can You Avail By Updating the Payroll Tax Table In QuickBooks?

For the July 2021 tax table update, as of now, there are no new updates available from the January 2021 payroll tax table update.

Table For Current & Historical TD1, CPP, and EI Amounts 

Effective Date7/1/20211/1/2021
Tax Table version #114113
Federal13, 80813, 808
AB19, 36919, 369
BC11, 07011, 070
MB9, 9369, 936
NB10, 56410, 564
NL9, 5369, 536
NT15, 24315, 243
NU16, 64716, 647
ON10, 88010, 880
PE10, 50010, 500
QC15, 75815, 758
SK16, 22516, 225
ZZ (employees outside Canada)00
Effective Date7/1/20211/1/2021
Tax Table version #114113
Maximum Pensionable Earnings61, 600 61, 600
Basic Exemption3, 500 3, 500
Contribution Rate5.45% 5.45%
Maximum Contribution (EE)3,166.45 3,166.45
Maximum Contribution (ER)3,166.45 3,166.45

EI amounts

Maximum Insurable Earnings56, 30056, 300
Premium EI Rate (EE)1.58%1.58%
Premium EI Rate (ER) (1.4*EE)2.21%2.21%
Maximum Premium (EE)889.54889.54
Maximum Premium (ER)1245.361245.36
Effective Date7/1/20211/1/2021
Tax Table version #114113
Maximum Pensionable Earnings61, 60061, 600
Basic Exemption3, 5003,500
Contribution Rate5.90%5.90%
Maximum Contribution (EE)3, 427.903, 427.90
Maximum Contribution (ER)3, 427.903, 427.90
Maximum Insurable Earnings56, 30056, 300
Premium EI Rate (EE)1.18%1.18%
Premium EI Rate (ER) (1.4*EE)1.65%1.65%
Maximum Premium (EE)664.34664.34
Maximum Premium (ER) (1.4*EE)930.08930.08
Maximum Insurable Earnings83, 50083, 500
Contribution Rate (EE)0.49%0.49%
Contribution Rate (ER) (1.4*EE)0.69%0.69%
Maximum Contribution (EE)412.49412.49
Maximum Contribution (ER) (1.4*EE)577.82577.82
Maximum earnings subject to CNT83, 50083, 500

Learn How To Resolve Payroll Update Issues

Many times, the TD1 amount fails to update even when you have installed the Latest QuickBooks Payroll Tax Table Updates. Well, in that case, you need to perform the below-mentioned checks:

  1. Are the failed amount updates on or after the tax table effective date?
    • For instance, the updated amounts won’t be seen if you downloaded tax table version 114 on June 24, 2021. It’s because the tax table becomes effective on July 1, 2021.
  2. You might come across some issue after you have downloaded the product update containing the new tax table (i.e. after July 1, 2021): 
    • In the past time or at the time after setting up a new employee, have you ever adjusted the TD1 amounts manually? If yes, then in these circumstances, the new tax table will not override any amounts that are previously adjusted. And therefore, you need to get TD1 amounts updated manually in the future.
    • If there are employees that are set up with basic TD1 amounts, QuickBooks Desktop sets the TD1 amounts on its own for the employees who have basic amounts for the previous tax tables.

Avail Assistance for Payroll Tax Table Issues!

We hope the above-provided information would have helped you understand the importance of the QuickBooks payroll tax table update. However, if you are looking for expert assistance to help you with payroll tax tables, then we would suggest you give us a call on our QuickBooks Data Service Solutions Helpline Number +1(855)-955-1942. Our support team is available 24/7 to assist you with any QB-related issue.

1. What does QuickBooks use to calculate payroll taxes?

To calculate payroll, QuickBooks uses tax tables. QuickBooks calculates each employee’s gross pay and then calculates taxes and deductions to arrive at the net pay.

2. Can I run payroll in QuickBooks without having an active subscription?

In the Search field, type manual payroll and press the Enter key. Further, click on Calculate payroll manually (without a subscription to QuickBooks Payroll). Under Set your company files to use the manual payroll calculations setting, click the manual payroll calculations link.

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