Income Tax Withholding Tables And Instructions For Employers Page 10
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69and federal definitions of dependent, single person,
are expected to exceed the standard deduction and for
each $2,500 of adjustments reducing income ($2,000 if the
married, head of household and qualifying widow(er) are
the same; however, the number of allowances to which
annual income equals or exceeds the following amounts
for the employee’s filing status: $60,000-Single; $80,000-
an individual is entitled will differ. Federal Withholding
Head of Household; or $50,000-Married). If an employee
Allowance Certificates are not acceptable.
will be entitled to a tax credit, he may claim one additional
You are not required to determine whether the total
allowance for each $175 of tax credit ($140 if the annual
amount of allowances claimed is greater than the total
income equals or exceeds the following amounts for the
amount to which the employee is entitled. However, you
employee’s filing status: $60,000-Single; $80,000-Head
should immediately advise the Department if you believe
of Household; or $50,000-Married).
that the amount of allowances claimed by an employee
Additional withholding. To increase withholding,
is greater than the amount to which such employee is
an employee may claim fewer allowances or may enter
entitled.
into an agreement with his employer and request that an
Submission of certain withholding allowance
additional amount be withheld by entering the desired
certificates. Although no longer required by the IRS,
amount on line 5 of Form NC-4.
North Carolina requires an employer to submit copies
15. Quarterly Returns and Payments
of any certificates (Form NC-4) on which the employee
claims more than 10 withholding allowances or claims
An employer who withholds an average of less than
exemption from withholding and the employee’s wages
$250 of North Carolina income tax per month must file a
would normally exceed $200 per week. Retain the original
quarterly Withholding Return, Form NC-5, and pay the tax
certificate in your files.
quarterly. The quarterly return and payment are due by
When to submit. An employer filing quarterly
the last day of the month following the end of the calendar
withholding reports is required to submit copies of the
quarter.
certificates received during the quarter at the time for
If you temporarily cease to pay wages after you are
filing the quarterly report. An employer filing monthly
registered, you should file a return for each quarter even
withholding reports is required to submit copies of the
though you have no withholding or wages to report. Do not
certificates received during the quarter at the time for
report more than one calendar quarter on one return.
filing the monthly report for the third month of the calendar
quarter. Copies may be submitted earlier and for shorter
16. Monthly Returns and Payments
reporting periods.
An employer who withholds an average of at least
How to submit. Complete boxes 8 and 9 on the
$250 but less than $2,000 of North Carolina income tax
certificate and mail to: North Carolina Department of
per month must file a monthly Withholding Return, Form
Revenue, Tax Compliance-Withholding Tax, PO Box
NC-5, and pay the tax monthly. All monthly returns and
25000, Raleigh, North Carolina 27640-0001.
payments are due by the 15th day of the month following
the month in which the tax was withheld; except the
Penalty. If an employee provides a withholding
return and payment for the month of December are due
allowance certificate that contains information which has
by January 31.
no reasonable basis and results in a lesser amount of tax
being withheld than would have been withheld had the
17. Semiweekly Payments
employee furnished reasonable information, the employee
is subject to a penalty of 50 percent of the amount not
An employer who withholds an average of $2,000 or
properly withheld.
more of North Carolina income tax per month must pay
the tax withheld at the same times it is required to pay
If an employee’s withholding allowances should
the tax withheld on the same wages for federal income
decrease, requiring more tax to be withheld, the employee
tax purposes.
is required to provide an amended certificate within 10 days
Each time you are required to deposit federal
after the change. If the allowance increases, requiring less
employment taxes (income tax withheld and FICA), you
tax to be withheld, the employee may provide an amended
must remit the North Carolina income tax withheld on those
certificate any time after the change.
same wages. Exception: For federal tax purposes, if an
Additional withholding allowances may be claimed
employer withholds $100,000 or more, the federal deposit
by taxpayers expecting to have allowable itemized
is required on the next banking day. North Carolina law
deductions exceeding the standard deduction or allowable
did not adopt that provision of federal law, and the State
adjustments to income. One additional allowance may
income tax withholding is due on or before the normal
be claimed for each $2,500 that the itemized deductions
federal semiweekly due date for those wages. You must
Page 10
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