IRS Releases Draft Supplemental Tax Guide for Employers

The Internal Revenue Service released a draft version of Publication 15-A, Employer’s Supplemental Tax Guide, for 2024 on Nov. 27.

The IRS removed references to qualified sick leave wages, which are included in the 2023 version of the publication. Qualified sick leave wages were paid sick leave that certain employers were required to provide to eligible employees, under the Families First Coronavirus Response Act.

The draft publication includes updated wage base limits for 2024. The Social Security wage base will be $168,600 for 2024, up from $160,200 in 2023. For 2024, Social Security and Medicare taxes will apply to ...