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ambertree13
Level 1

How can I change the Tax rate in QB. It will change from .80 percent to .50 percent for 2021?

 
2 Comments 2
IamjuViel
QuickBooks Team

How can I change the Tax rate in QB. It will change from .80 percent to .50 percent for 2021?

Greetings, @ambertree13.

 

I'm delighted to walk you through updating your tax rate in QuickBooks. 

 

If you're referring to changing the sales tax rate, you can follow these steps:

  1. Go to the Taxes menu.
  2. Select Sales Tax.
  3. Under Related Tasks, choose Add/edit tax rates and agencies.
  4. In the Sales Tax Rates and Agencies table, select the rate you want to change and select Edit.
  5. Change the rate in the Edit Sales Tax Component window.
  6. Select Save.

However, if you're referring to your payroll tax rate, here's how to do it:

  1. Go to the Gear icon.
  2. Select Payroll settings.
    • (For Core, Premium, and Elite) In the State tax section, select the Edit ✎ icon.
    • (For Enhanced) Select State Taxes.
  3. In the State Unemployment Insurance (SUI) Setup section, select Change or add new rate.
  4. Enter your new rate and its effective date.
  5. Click OK to save your changes.

Know that the Community and I are always here to lend a hand if you have other questions or concerns in managing your QuickBooks account. Wishing you continued success!

IamjuViel
QuickBooks Team

How can I change the Tax rate in QB. It will change from .80 percent to .50 percent for 2021?

I'm here to make sure everything works fine, @ambertree13.

 

Were you able to update your tax rate in QuickBooks using the steps I've shared? If you need further assistance with this, you're welcome to post again or leave a reply below. We're always here to help.

Have a great day ahead!

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