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Income Withholding and Reporting – Rounding

On August 15, 2016, for personal income withholding tax purposes, the Kansas Department of Revenue issued a private letter ruling (No. P-2016-005) explaining that employers using the percentage method to calculate the amount of tax to be withheld and remitted on behalf of their employees have the option to round the amount withheld to the nearest whole dollar.

Read the Private Letter Ruling