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Puerto rico w2 instructions 2024 Form: What You Should Know
First and last will each provide instructions for preparing and filing the form with you. The forms can be uploaded to TurboT ax or completed electronically. Puerto Rico Forms 500 and 591 July 31, 2024 — Puerto Rico becomes a U.S. territory July 6, 2024 — Final rules change to eliminate all federal Puerto Rico withholding tax and include federal FTA tax withholding on all federal Puerto Rico wages and salaries. This will not change forms 501, 515, and 905. Puerto Rico Forms 501, 515, & 905 July 31, 2024 — Final rules change to eliminate all federal Puerto Rico withholding tax and include federal FTA tax withholding on all federal Puerto Rico wages and salaries. This will not change forms 501, 515, and 905. Taxes on Wages & Salaries by Puerto Rico — FICA and FTA withholding on incomes and wages — FICA only — FTA must be paid. — Puerto Rico can withhold FICA withholding on wages paid to Puerto Rico residents who are not citizens of the United States.
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