Select the desired State from the map provided for the formula.įor questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-85) or via the customer service portal. The federal tax brackets are broken down into seven (7) taxable income groups, based on your filing status. Income Tax Formulas from the Publications menu to launch the tax map. Select the Publications tab and select U.S. To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the National Finance Center (NFC) Home page. Divide the annual Indiana county income tax withholding calculated in step 6 by the number of pay dates in the tax year to obtain the biweekly Indiana county income tax withholding.income that were not specifically listed on Form D-400 Schedule PN. ![]() Apply the taxable income to the guideline in the table below to determine the annual Indiana county income tax withholding:Ĭompute the County Income Tax Withholding For of North Carolina and became a resident of another state during the tax year.Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 4 to compute the taxable income:Īdditional Allowance = $1,500 x Number of Additional Exemptions 2Ģ Number of additional exemptions claimed for certain qualifying dependents.Determine the exemption allowance by applying the following guideline and subtract this amount from the result of step 3:Įxemption Allowance = $1,000 x Number of Exemptions 1ġ Number of exemptions claimed for self, spouse, over age 65, blindness, and dependents.Multiply the adjusted gross biweekly wages by the number of pay dates in the tax year to obtain the annual wages.Subtract the nontaxable biweekly Thrift Savings Plan (TSP) contribution from the gross biweekly wages to obtain the adjusted gross biweekly wages.Subtract the nontaxable biweekly Federal Health Benefits Plan payment(s) (includes dental and vision insurance program and Flexible Spending Account - health care and dependent care deductions) from the gross biweekly wages.Withholding Formula (Effective Pay Period 26, 2020) (If less than 10, precede with a 0 (zero).) Second and Third Digits - Enter the number of exemptions claimed. Tax Formulaĭetermine the Total Number of Exemptions field as follows:įirst Digit - Enter the alpha (A-Z) to represent the number of additional exemptions claimed (A=1, B=2, C=3, etc. No action on the part of the employee or the personnel office is necessary. ![]() The income tax withholding rate for Martin, Indiana, has increased from 1.75 percent to 2.50 percent. TAXES 21-01, Indiana Counties (Local) 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
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