Introduction
As we move into 2024, many employees and employers in Texas are wondering what changes will be made to the payroll calendar. It is important for everyone to stay up-to-date with the latest payroll information, including pay dates, tax deadlines, and other important information. In this article, we will discuss the state of Texas payroll calendar for 2024, and what changes we can expect to see.
What is the Texas Payroll Calendar?
The Texas Payroll Calendar is a schedule of pay dates and tax deadlines that employers in Texas are required to follow. This calendar outlines the dates on which employees will receive their paychecks, as well as the dates on which payroll taxes must be paid and reported to the government. Employers must follow this calendar to avoid penalties and fines.
Changes to the Texas Payroll Calendar for 2024
There are several changes to the Texas Payroll Calendar for 2024. One of the most notable changes is the increase in the minimum wage rate. Effective January 1, 2024, the minimum wage in Texas will increase to $10.25 per hour. This means that employers will need to adjust their payroll systems to reflect this change.
Another change to the payroll calendar is the deadline for filing Form 941, which is used to report payroll taxes to the government. In 2024, the deadline for filing this form will be February 15th. This is a change from previous years, when the deadline was January 31st.
FAQs
Q: What are the pay dates for 2024?
A: The pay dates for 2024 are as follows:
- January 15th
- January 31st
- February 15th
- February 28th
- March 15th
- March 31st
- April 15th
- April 30th
- May 15th
- May 31st
- June 15th
- June 30th
- July 15th
- July 31st
- August 15th
- August 31st
- September 15th
- September 30th
- October 15th
- October 31st
- November 15th
- November 30th
- December 15th
- December 31st
Q: What are the tax deadlines for 2024?
A: The tax deadlines for 2024 are as follows:
- January 31st – Deadline for filing W-2s with the Social Security Administration
- February 15th – Deadline for filing Form 941
- April 15th – Deadline for filing Form 940 and Form 944
- January 15th, April 15th, July 15th, and October 15th – Deadline for filing quarterly estimated tax payments
Q: What should I do if I have questions about the Texas Payroll Calendar?
A: If you have questions about the Texas Payroll Calendar, you should contact the Texas Workforce Commission or consult with a payroll specialist.
Conclusion
The State of Texas Payroll Calendar for 2024 is an important tool for employers and employees to stay informed about pay dates and tax deadlines. It is important for everyone to pay close attention to changes in the payroll calendar to avoid penalties and fines. By following the payroll calendar and seeking assistance when needed, everyone can ensure that their payroll systems are compliant with state and federal regulations.