Nebraska DOR Issues Updated Circular for Reporting Income Tax Withholding From Wages, Pensions, Gambling Winnings

The Nebraska Department of Revenue (DOR) Nov. 1 issued an updated 2024 circular on Nebraska income tax withholding on wages, pensions, annuities, and gambling winnings paid on or after Jan. 1, 2024, for corporate income and individual income tax purposes. The DOR updated the circular with corrections to the tables for semimonthly and monthly payroll periods. The circular provides notice to employers about electronic filing and payment requirements as well as special withholding procedures. The circular also provides: 1) the purpose behind the withholding of income tax; 2) due dates for filing Nebraska income tax withholding forms; 3) information about ...