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Date: November 16, 2001 |
Bulletin No. 285 |
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Date: November 16, 2001 |
Bulletin No. 285 |
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| Subject | Claiming Exemption From Withholding of Tax |
| Purpose | To explain the procedure for the annual review of employees who claim to be exempt from Federal and State withholding. |
| Affected Employees | Employees claiming to be exempt from withholding of tax. |
| Background | Internal Revenue Service regulations require anyone claiming Federal tax-exempt status to file a new W-4 by February 15 each year. New York State Department of Taxation and Finance regulations require anyone claiming State tax-exempt status to file a new IT-2104-E, annually. The W-4's and IT-2104E's for the current year's exemption are to be retained in the employee's payroll office. |
| Agency Actions |
A report (NPAY738) identifying employees in
your agency claiming Federal and/or State exempt status is available in Reveal. If any employee identified as claiming exempt from Federal withholding does not provide you with a new W-4 by February 15, 2002, their status must be changed to 'Single 0' on the Federal Tax Data 1 Panel. If any employee identified as claiming exempt from State withholding does not annually provide you with a new IT-2104-E, their status must be changed to 'Single 1' on the State Tax Data 1 Panel. |
| Questions | Questions regarding this bulletin may be directed to the Payroll Deductions mailbox. |
