RALEIGH, N.C. : November 12, 2013 - The North Carolina General Assembly recently enacted House Bill 998 which becomes effective for taxable years beginning on or after January 1, 2014.
Under this new law, taxpayers may no longer claim a personal exemption for themselves, their spouse,
children, or any other qualifying dependents. Additionally, many deductions and tax credits that impact North Carolina withholding tax are no longer available for tax years beginning on or after January 1.
As a result of this Act, every employer must have all employees provide a new Employee’s Withholding Allowance Certificate, either Form NC-4 EZ or Form NC-4.
The new form must be completed by the employee and provided to the employer so the correct amount of
State income tax is withheld for any payment periods beginning on or after January 1, 2014.
Likewise, all recipients of pension or annuity payments must complete and provide to their payer a new Withholding Certificate for Pension or Annuity Payments, Form NC-4P, in order to withhold the correct amount of State income tax for any pension payment
periods beginning on or after January 1, 2014. North Carolina Department of Revenue (NCDOR) will notify employers and pension payers of the new requirement by mail.
Questions: employers or pension payers with questions may call this special help number: 1-877-252-4487.
The number will be available until Feb. 28, 2014.
Source: North Carolina Department of Revenue.