Nebraska Withholding Legislation Changes

NEBRASKA Withholding 
New legislation, effective Jan. 1, 2011, changes the filing deadline for submitting W-2 forms to the Nebraska Department of Revenue (DOR) from March 15 to February 1.

Electronic Filing The legislation also lowers the W-2 electronic filing threshold from 200 to 50 W-2s. The legislation requires taxpayers to make their payments by electronic funds transfer (EFT) on any taxes, fees, or amounts that in the prior year exceeded $5,000. (The current EFT threshold is $20,000.). For instance, if $4,000 was paid in sales tax, $1,000 in corporate estimates and $1,000 in withholding tax, the total would exceed the $5,000 threshold.

Please contact your Contryman professional for assistance or with any questions.