North Carolina has issued new withholding tables for wages paid on and after January 1, 2015. The tables were revised to reflect recently approved tax legislation. All of the tables will be reproduced in the Payroll Guide in a future release at ¶7588 and ¶7589.
The publication has been revised to reflect the reduction in the income tax rate to 5.75% effective for wages paid on or after January 1, 2015. The supplemental wage rate will decrease to 5.75%. A new Form NC-4 NRA has been created as a result of clarifying changes made by the General Assembly for nonresident aliens not being eligible for the North Carolina standard deduction.
For more information on this and other topics, consult the Visit our News Library.