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Payroll Tax Opt-In
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Payroll Tax: To Opt-In or Not

All New York employers will face a first-time decision by December 1, 2018 on whether to participate in the state’s “employee compensation expense program,” or “payroll tax.” This new provision of New York State tax law is intended to shield individuals from the effect of a federal cap on the deduction of state personal income taxes, by shifting employee PIT tax liability to an employer-paid (and fully deductible) payroll tax. Deciding to “opt-in” or not raises complex payroll, taxation and human resource issues. 

More information is available on the NYS Department of Taxation and Finance website and can be found here.

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