The New Year is almost here, bringing with it key tasks and deadlines for all ¶¶Òõ¶ÌÊÓƵ employees. To ensure you receive important documents such as the W-2 and 1095-C error-free and on time, complete these tasks in the :
- Review and update your addresses. Employees should have a mailing and home address on file. Important tax documents are sent to the mailing address listed in the portal. To prevent delay in receiving forms, it is vital that they verify or correct their addresses in the employee portal by Jan. 4.
- Verify your Social Security number. Confirm theÌýSocial Security number on file is correct. Incorrect numbers will affect W-2s, potentially causing issues with the IRS.
- Review your paycheck every payday. To help prevent delays when filing taxes and lessen the chance of correcting their W-2, you can make sure earnings are correct by reviewing your paychecks each payday.
- Validate your tax withholdings with the IRS Withholding Calculator. Using the calculator helps employees identify and ensure the right amount is withheld from your paycheck.
- Sign up for digital delivery. By enrolling, employees can have their Form 1095-C and benefits notices sent via email and stored in their campus portal, rather than being mailed. ÌýÌý
- Set a reminder for these dates:
- The IRS is expected to release a revised W-4 in mid-December.
- If an employee met the Social Security wage base in 2018, deductions will resume on Jan. 1.
- The deadline to update a mailing and home address in theÌý is Jan. 4.
- W-2 forms will be mailed by Jan. 31 and available in the portal shortly thereafter.
- If a person filed as tax exempt in 2018, they must update their W-4 tax information in the employee portal by Feb. 6.ÌýIf you are unable to do so, please submit a 2018 W-4 to Employee Services.
ÌýTo learn more about important dates and review 2019 tax rates and contribution limits, .