Access to NC-4 Payroll Tax Withholding Form through UNCGenie
As a new feature, beginning Monday, Dec. 9, 2013, each UNCG employee will have the ability to update their NC-4 State Payroll Withholding Tax information for activity effective January 1, 2014, or later, as well as view history of tax election (withholding status and number of allowances claimed), within UNCGenie self-service. Instructions to access this new feature can be retrieved from the Payroll Forms webpage at http://payroll.uncg.edu/formsinformation/.
North Carolina Payroll Tax Withholding Tax Information Effective January 1, 2014
The North Carolina General Assembly recently enacted House Bill 998 which is effective January 1, 2014. As a result, how you determine the number of allowances for tax year 2014 will differ from previous years. Under this new law, taxpayers may no longer claim a personal exemption for themselves, their spouse, children, or 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. Most taxpayers will not be entitled to as many allowances, and as a result, more taxpayers should claim zero (0) allowances. Additional information is available at http://www.dornc.com/press/2013/nc4requirement.html.
In accordance with the new regulations, employers must set the default NC withholding status to “Single” with “0” allowances unless the employee specifically provides documentation otherwise. To comply with the new North Carolina tax law, your NC-4 tax withholding record in the Banner Payroll System has been changed to reflect the status of “Single” with “0” allowances and “$0” additional withholding, effective January 1, 2014.
Beginning Dec. 9, 2013, if you determine that your withholding information should differ from this standard default of “Single” with “0” allowances and “$0” additional withholding, you should update your applicable Form NC-4 withholding information in UNCGenie.
Although the Payroll Office staff cannot provide tax (including withholding) advice, if you have general questions, contact Pat Davis, payroll manager, at email@example.com or (336) 334-4126.