Employee Relocation Changes
Recent passage of the Tax Cuts and Jobs Act removes the individual moving expense deduction effective January 1, 2018. This change will limit an employer's ability to pay and/or reimburse an employee's moving expense as a nontaxable payment. Please refer to the Employee Relocation Expense Changes document for details on how to process faculty/staff moves that occurred in 2017 as well as procedural guidance for moves occurring after December 31, 2017.
Tax Reform Legislation
The Internal Revenue Service (IRS) has released the 2018 federal income tax withholding tables. Employees that receive a payroll check dated January 26, 2018 and after will have the new tax withholding rates applied to their paycheck. Employees receiving a payroll check dated on or before January 25, 2018, will have tax withholding calculated on the old rates.
W-2 and 1095-C Information
- In preparation for the end of the calendar year and the W-2 and 1095-C processes, Payroll & Tax Services highly recommends that all employees review and/or update their Permanent Address. The deadline for address updates is January 8, 2018.
- Employees can now consent to receive their 1095-C form electronically.
- Please visit the W-2 and 1095-C Information page for instructions on updating your Permanent Address and completing your electronic consent election.
Beginning October 01, TTU and SYS staff employees in a full-time non-exempt employee class will begin accruing compensatory leave time when working > 40 hours