2018 Employee Payroll Tax Withholding
Last month, Congress passed the Tax Cuts and Jobs Act.
The IRS is expected to update the 2018 income tax withholding tables and issue related guidance to reflect the new law in January 2018. Preliminary indications are that the new withholding tables will be designed to work with the current Form W-4 (Employee's Withholding Allowance Certificate). The changes in the 2018 income tax withholding tables could be reflected in employees' payroll tax withholding as soon as February 2018. No actions are required by you at this time. The University will provide further updates as they become available.
The Payroll Department is responsible for:
- Processing all employee wages and stipends payments
- Withholding all appropriate taxes on wages
- Filing payroll tax reports
- Deducting benefits and other authorized items from employee wages