Federal Publication 15, Employer Tax Guide

Publication 15 (Circular E), Employer's Tax Guide, is an IRS resource offering comprehensive guidance to employers. It covers various aspects of tax responsibilities, such as withholding rates, reporting requirements, and compliance procedures. This guide serves as a valuable reference for employers in understanding and fulfilling their tax-related obligations.

Publication 15 (2024), (Circular E), Employer's Tax Guide For use in 2024

  • What’s New
    • Pub. 15 is now for all employers, including agricultural employers and those in U.S. territories.
    • Pub. 51, Pub. 80, and Pub. 179 have been discontinued.
    • New Pub. 15 (sp) available for 2024 in Spanish.
    • References to various forms included unless otherwise noted.
  • Social Security and Medicare Tax for 2024
    • Social security tax rate: 6.2% each for employer and employee.
    • Social security wage base limit: $168,600.
    • Medicare tax rate: 1.45% each for employee and employer, no wage base limit.
    • Applies to household workers with cash wages of $2,700 or more in 2024.
    • Applies to election workers with cash/equivalent compensation of $2,300 or more in 2024.
  • COVID-19 Related Credit for Qualified Sick and Family Leave Wages
    • Limited to leave taken after March 31, 2020, and before October 1, 2021.
    • Expired credits under FFCRA and ARP.
    • Employers eligible to claim the credit for qualified sick and family leave wages in 2024.
    • New filing process using Form 941-X.
  • New Forms 941 (sp), 943 (sp), and 944 (sp)
    • Spanish versions available for Form 941, Form 943, and Form 944.