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N E W Y O R K S T A T E S O C I A L S T U D I E S R E S O U R C E T O O L K I T Why Can't We Ever Get Everything We Need and Want? Glass of water. iStock.com/ ClaudioVentrella. Supporting Questions
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N E W Y stands for New Employee Withholding form.
Employers are required to file N E W Y for each new employee.
N E W Y can be filled out electronically or manually, providing information such as employee's name, Social Security number, and withholding allowances.
The purpose of N E W Y is to determine the amount of federal income tax to withhold from the employee's paycheck.
Information such as employee's name, Social Security number, address, and withholding allowances must be reported on N E W Y.
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