A new law was recently enacted by
the North Carolina General Assembly, and will go into effect January 1, 2014.
Under House Bill 998, taxpayers can no longer claim a personal exemption for
themselves, their children, their spouse, or any other qualifying dependents.
Also, many tax credits and deductions that have an impact on North Carolina
Withholding tax are no longer available, effective January 1st.
Because of this new law, employers must have employees submit new Employee’s
Withholding Allowance Certificate (Form NC-4 EZ or Form NC-4). 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). The North Carolina Department of Revenue will
notify employers and pension payers of the new law requirements by mail.
If you have any questions, please
contact us. You can also contact the North Carolina Department of Revenue
directly through a help number: 1-877-252-4487 (this phone number will only be
available until February 28, 2014).
518 Arbor Hill Rd.
Kernersville, NC 27284
Ph: 336-996-3338
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