2018 Federal Income Tax Withholding
The Internal Revenue Service (IRS) has released an updated 2018 Form W-4. The IRS has also updated the online Withholding Calculator that can be used to confirm the correct amount of tax is withheld from your paycheck. We encourage you to review your withholding this year because of the recent changes to the tax law for 2018. If you determine that your Form W-4 does need to be updated, please submit the completed form to your respective Human Resources office.
TTU 9 Month Faculty Members Enrolled in Insurance
An email notification went out on March 6 regarding insurance premiums for the summer months of June, July, and August. If your primary salary is paid over 9 months, your "out of pocket" premiums will be pre-deducted from your April 2nd, May 1st, and June 1st paychecks to ensure there is no lapse in coverage during the summer. These are automated deductions, therefore no action is needed by you. If you have any questions please feel free to call Laci Cramer at 834-0331 or send an email to firstname.lastname@example.org.
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.
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