By Payroll and Entitlements Editorial Staff
North Carolina has issued withholding tables for wages paid on and after January 1, 2021. All of the tables will be reproduced in the Payroll Management Guide at ¶7588 and ¶7589 in a future release. The supplemental wage rate remains 5.35%.
The Department will retire North Carolina Form NC-1099-ITIN and Form NC-1099PS. Payers can now report compensation paid to a payee on new tax form, North Carolina Form NC-1099M, Compensation Paid to a Payee. Important: If a payer is required to complete a federal Form 1099-MISC or Form 1099-NEC to report the non-wage compensation paid to a payee, the payer does not have to complete Form NC-1099M.Semiweekly withholding filers can now file Form NC-5Q electronically via the Department’s eNC5Q Application. For additional details, visit www.ncdor.gov/enc5q. (North Carolina Department of Revenue, 2021 Income Tax Withholding Tables and Instructions for Employers, Pub. NC-30, Revised 10-20).
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