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NEBRASKA: Payroll law update, July-Dec. 2011

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in Office Management,Payroll Management

Income tax withholding. Beginning July 1, 2011, employers withholding more than $16,000 in the prior year must deposit electronically. Beginning Jan. 1, 2012, the threshold for mandatory electronic deposits will be lowered to employers withholding more than $13,000.

The threshold drops to employers withholding more than $11,000 on July 1, 2012; em­­ployers withholding more than $9,000 on Jan. 1, 2013; employers withholding more than $8,000 on July 1, 2013; employers withholding more than $7,000 on Jan. 1, 2014; employers withholding more than $6,000 on July 1, 2014; and employers withholding more than $5,000 on Jan. 1, 2015.

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