Oregon WBF assessment rate for 2024

Thanks for reaching out to us, @Oliver33682. I'll be glad to outline the steps on how to change the Oregon Worker Benefit Fund (WBF) rate in QuickBooks Desktop (QBDT).

For 2024, the rate is two cents (0.2) per hour worked. You and your employees will split the tax amount. To learn more, I suggest visiting the Oregon website.

Then, refer to these steps to set up the WBF rate in QBDT:

1. Go to Employees and select Employee Center.
2. Double-click the employee's name.
3. Click Payroll Info, then Taxes.
4. Go to the Other tab. 
5. Select OR - WBF Assessment Emp. and OR - WBF Assessment Co.
6. In the Worker's Assessment rate field, enter the tax rate for the employee as you select OR - WBF Assessment Emp. and the company tax rate as you select OR - WBF Assessment Co.
7. Click OK twice.

If you're subscribed to Assisted Payroll, follow the steps above to manually change the rates in QBDT. Intuit will pay and file this tax for you.

Moreover, generate reports in QBDT so you can have a closer glance at your company's finances, including payroll taxes and liabilities.

Stay in touch if you need additional assistance updating your tax rates in QBDT. I'm always more than willing to help. Have a good one.

Do I enter it as 0.01 for both company and employee?

Thank you for the response, @Nick2112. 

Youre right, 2 cents ($0.02) in decimal is 0.02. To determine how much you and your employees need to split the tax amount, you can get in touch with your state authorities. In case you need help adding the WBF rate, you can follow the steps provided by JaeAnnC above.

You can also refer to this article for more information about compliance with state payroll tax regulations: Oregon Payroll Tax Compliance.  

From here, you can assign a pay schedule to your employees, create your paychecks, and send your payroll. You can find more information about how to do that in the article: Create and run your payroll. 

If you need any further assistance with setting up your Oregon Workers Benefit Fund (WBF), please don't hesitate to let me know. I am always here to help. Have a great day!

I am trying to do this same thing, and everytime I try to save i get the message that the tax table has changed and that I need to enter the information. But it won't let me enter the information. I have entered 0.01 for both emp and co. Is there something different I need to enter?

I need help on this. Every time I try to enter a value - 0.01 for each? I get this error 

I appreciate your effort to change the Oregon WBF rate for both the employee and employer, Scharrera.

Since you're still getting the prompt message, I want to ensure you are directed to our Payroll Team to handle this matter.

I would advise contacting our Payroll Support, as they possess the necessary tools to access your account, investigate, and rectify it on your behalf.

Here's how to contact them:

1. Go to Help, then select QuickBooks Desktop Help/Contact Us.
2. Select Contact Us.
3. Give a brief description of your issue, then choose Continue.
4. Choose to chat with us or Have us call you.

In addition, you can use the payroll reporting capabilities within QuickBooks. These reports enable you to manage payroll taxes and conveniently monitor employee expenditures.

Keep me posted if you need further assistance updating rate in QuickBooks. I'll be here to provide you with the support.