New York S10048 allows individuals to choose federal and/or state income tax withholding from their unemployment benefits.

New York S10048 amends the labor law to give individuals the option to have federal and/or state income tax deducted and withheld from their unemployment insurance benefits. This choice is made at the amount specified under the federal internal revenue code and an amount equal to four percent of the payment for state income tax withholding. Even with this election, additional tax may still be due as prescribed under the tax law. This act takes effect immediately.

New York S10048 allows individuals to choose federal and/or state income tax withholding from their unemployment benefits.

New York S10048 amends the labor law to give individuals the option to have federal and/or state income tax deducted and withheld from their unemployment insurance benefits. This choice is made at the amount specified under the federal internal revenue code and an amount equal to four percent of the payment for state income tax withholding. Even with this election, additional tax may still be due as prescribed under the tax law. This act takes effect immediately.