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Is N. C. income tax withholding required on pensions and annuities?

April 26, 2017annuities n. c. pensions withholding

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Is N. C. income tax withholding required on pensions and annuities?

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Yes. The definitions, provisions, and requirements for federal withholding on pensions from section 3405 of the Internal Revenue Code are applicable to State withholding on pensions. See Individual Income Tax directive PD-00-2 on this website for State withholding requirements for pensions and annuities.