January 30, 2020 Connecticut releases 2020 income tax withholding tables and calculation rules; Form CT-W4 update The Connecticut Department of Revenue Services released its 2020 income tax withholding calculation rules and wage-bracket tables on its website. According to the guidance, the 2020 withholding calculation rules and 2020 withholding tables are unchanged from 2019. There is no percentage method available to determine Connecticut withholding. Supplemental withholding Connecticut does not provide for a supplemental withholding rate. The 2020 Connecticut Circular CT Employer's Tax Guide is available here. Form CT-W4 update The 2020 Form CT-W4, Employee's Withholding Certificate, is now released.Employees are required to submit Form CT-W4 to their employer upon starting new employment or within 10 days of a change in filing status or other change, such as receipt of a bonus. The employer is required to withhold at the highest marginal rate of 6.99% with no withholding allowances for any employee who fails to submit Form CT-W4. For more information on Connecticut withholding tax, contact the Department at +1 860 297 5962 or toll free in Connecticut at +1 800 382 9463, or see the Department's website. ———————————————
——————————————— EY Payroll News Flash
| |||||||||
| |||||||||
