Fiscal Year Memo 2025-12: Tax and Payroll Updates for Tax Year 2025
HR/CMS must be updated to comply with IRS and DOR requirements regarding employer responsibilities for Tax Year 2025. This memo highlights the requirements and the necessary department actions to be compliant, including recent changes in state and federal taxation. Tax brackets and supplemental wage rate are included in this memo. As changes are published, the Office of the Comptroller will inform departments of any changes through a supplementary memo.