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Summary of Personal NY Income Tax Changes Enacted in the 2018-2019 Budget Bill

5/31/2018
Summary of Personal NY Income Tax Changes Enacted in the 2018-2019 Budget Bill

Below is a link to the recently released TSB-M-18(4)I, Summary of Personal Income Tax Changes Enacted in the 2018-2019 Budget Bill.

Click Here For PDF Document

 In this TSBM there is a section titled, Wage reporting requirements, that gives a brief overview of reporting changes.

 

Beginning for calendar quarters on or after January 1, 2019, new wage reporting requirements will require quarterly reporting for total UI remuneration, as well as, gross federal wages or distributions subject to withholding and total NYS, NYC and Yonkers tax withheld.  

 

There will be additional information available in the coming months.

 

Thank you.



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