USA State Taxes

NORTH CAROLINA (NC)

STATE INCOME TAX (SIT)

Description	Amount	Effective Date	Website	Deposit Method / Frequency / Threshold	Forms
Wage Withholding	4.60%	Decrease from 4.85% in 2023	North Carolina Department of Revenue - Withholding Tax Register Business Online	Semi-weekly - Check/EFT average of $2,000.00 or more /mth Monthly - Check/EFT Average of $250 - $1,999.99/month Quarterly - Check/EFT Average of less than $250/mth. eBusiness Center Electronic Funds Transfer (EFT)	Withholding Forms, Instructions and Tax Tables File Online Monthly or Quarterly Return - NC-5 Annual Reconciliation - NC-3 Semiweekly Withholding Payment Voucher - NC-5P Withholding Allowance Certificate - NC-4
Supplemental Wage / Bonus Rate	4.60%	Decrease from 4.85% in 2023

Description

Amount

Effective Date

Website

Deposit Method / Frequency / Threshold

Forms

Wage Withholding

4.60%

Decrease from 4.85% in 2023

North Carolina Department of Revenue - Withholding Tax

Semi-weekly - Check/EFT average of $2,000.00 or more /mth

Monthly - Check/EFT Average of $250 - $1,999.99/month

Quarterly - Check/EFT Average of less than $250/mth.

eBusiness Center

Electronic Funds Transfer (EFT)

Withholding Forms, Instructions and Tax Tables

File Online

Monthly or Quarterly Return - NC-5

Annual Reconciliation - NC-3

Semiweekly Withholding Payment Voucher - NC-5P

Withholding Allowance Certificate - NC-4

Supplemental Wage / Bonus Rate

4.60%

Decrease from 4.85% in 2023

Notes:

File a return for each quarter even though you have no withholding or wages to report.

No reciprocal agreement between states.

STATE UNEMPLOYMENT INSURANCE (SUI)

Description	Amount	Effective Date	Website	Deposit Method / Frequency / Threshold	Forms
Maximum Taxable Earnings	$31,400	Increased from $29,600 in 2023	North Carolina Division of Employment Security	Quarterly - eCheck NC DES User Login	UI Forms Quarterly Tax and Wage Report - NCUI 101
Employee Deduction	None
Employer Tax Rate	0.06 - 5.76%	Unchanged from 2022
New Employment Rate - Standard	1.0%	Unchanged from 2022
Voluntary Contribution Permitted	Yes

Notes:

A report must be submitted even if the employer has no employees for a quarter.

NEW HIRE REPORTING

Website	Frequency / Method	Forms
New Hire Reporting	Same as federal requirements. Registration	New Hire Reporting Form

WEBSITES

State Agencies, Employment and Business

Disclaimer: This information is for reference only. To ensure accurate set up, we highly recommend that the information is verified with the applicable federal and state/provincial agencies. TimeTrex makes no claims, guarantees, or promises about the accuracy, current status, or completeness of the information provided. In no event shall TimeTrex be liable for any errors or omissions with respect to any resource information.

Last updated Jan 2024