News
Our commitment is to provide legendary service and stewardship commensurate with the high ethical standards and Catholic values of the University. We aspire to enhance our reputation as an influential and respected leader in higher education.
New Reduced Federal Income Tax Withholding Tables
The Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals filing single and $800 for married taxpayers filing joint returns (this credit is available for US persons only; those who are classified as non resident aliens for tax purposes are not eligible for this credit). The tax credit is to be given in advance by employers through reduced federal tax withholdings. These changes will result in an increase in net pay for almost all University employees beginning with their April payrolls. There is no action required by employees to receive the benefit of the reduced tax withholdings.
However, an individual filer with two employers or a joint filer whose spouse works may inadvertently benefit from these reduced payroll withholdings in amounts greater than the intended value of the tax credit. Employees who fall into one of these “two-income” categories should review their Form W-4 allowances and carefully consider adjusting their withholdings to avoid an unintended underpayment situation when filing their 2009 federal tax returns. For more information, see Important Information for Two Income Wages Earners.
Should you have questions about this matter, contact Payroll Services at 631-7575 or Payroll@nd.edu. However, please understand that the University’s Payroll and Tax departments cannot give individual income tax advice.
Form W-2
All 2008 W-2 forms were mailed on January 29th, 2009. If you are a nonresident alien who benefits from a tax treaty between U.S. and your home country you may also receive Form 1042-S. You will need the W-2 and/or 1042-S, if applicable, in order to prepare your U.S. tax returns for 2008. The 1042-S forms will be mailed no later than March 15, 2009.
Anthony Travel - Enhanced Journal Entry Description
The monthly journal entry for travel charges paid through Anthony Travel now has a more detailed description field compared to prior months. For airfare, the description field show traveler name, date of departure, and itinerary. The field is limited to 35 characters, so part of the itinerary may be cut off. In the past, only the traveler name was shown.
If you have any questions or comments after viewing this enhancement in your budget activity (document code TV000590 dated 9/30/08), please contact Ed Verhamme in the Controller's Office.
New Consolidated Payroll Calendars
New consolidated payroll calendars are now available online reflecting form submission deadlines and pay schedules. Hourly staff PAF submitters will note new Monday 5 PM deadline to Human Resources and Student Employment.
