DRS Guidance on Mandatory Pension Withholding

DRS Advises Payers of Pensions, Annuities, and Other Deferred Compensation Payments on “Implementation of Mandatory Withholding”

On December 7, 2017, Department of Revenue Service Commission Kevin B. Sullivan issued a memorandum to provide guidance assurance on a 2017 law passed by the Connecticut general Assembly requiring Connecticut income tax withholding on both periodic and non-periodic payments  from pensions, annuities, and similar arrangements.

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