Friday, December 16, 2011

Commissioner Urges Employers To Avoid Ho-Ho-Holiday Over-Withholding

Hartford - Connecticut Department of Revenue Services (DRS) Commissioner Kevin B. Sullivan is again reminding employers to take special care when calculating income tax withholding for employees with unusual earnings during the holiday season. Said Sullivan, “I’m sure no one wants to see employees earning extra income for the holidays get ‘Scrooged’ by inaccurate over-withholding. For new seasonal employees, employees earning holiday over-time or employees receiving end of year bonuses, we want to remind employers and their payroll processors not to treat the unusual income as if it is part of the employee’s income all year.