February 05, 2018
Human Resources provides tax-related updates
Here are some tax-related announcements and updates for faculty and staff from Human Resources.
2017 W-2 Forms
The 2017 W-2 forms were mailed Jan. 31. Requests for duplicate W-2 forms will not be accepted or processed until after Feb. 16 to allow time for mail delivery. See the HR Payroll website for further information.
2018 Federal Withholding Update
The Internal Revenue Service released the 2018 Percentage Method Tables for income tax withholding in mid-January. The new tables were implemented into AIS this week. The changes in federal withholding will be seen on all payrolls that pay after Feb.2. Please review your earnings statements to see applicable changes in your payment.
IRS has extended the effective period of 2017 Form W-4, Employee’s Withholding Allowance Certificate, furnished to claim exemption from income tax withholding until Feb. 28, 2018. The exempt status will expire Feb. 28 instead of February 15. Employees may refile as EXEMPT for 2018 via HRSS or by using a W-4 Withholding Allowance form and certifying that the employee incurred no income tax liability for 2017 and anticipates that they will incur no income tax liability for 2018. The form will need to be signed and dated in 2018. All completed forms should be submitted to Human Resources, Mail Code 6520. The deadline for filing the new W-4 form to claim exemption for 2018 is Feb. 16 for bi-weekly Civil Service employees and Feb. 26, 2018 for all other employees. The 2017 W-4 form signed and dated in 2018, will be effective until 30 days after the 2018 Form W-4 is released by IRS.
The 2018 W-4 form is not available from the IRS at this time. Once the IRS has issued the 2018 Form W-4, Human Resources will send further information as the 2017 Form W-4 will expire 30 days after the 2018 Form W-4 is released. Until a new Form W-4 is issued, employees should continue to use the 2017 Form W-4.