HR, Payroll and Benefits News

2017 Tax Reform Bill Affects Employee Federal Tax Withholding
February 14, 2018

As a result of the 2017 Federal Tax Reform bill passed in late December 2017, most employees will see a change in their federal income tax withholding on their paychecks beginning in early 2018.

The change was implemented for both University staff (paid bi-weekly) and for Faculty/Academic Staff/Limited Appointees (paid monthly) on the February 1, 2018 paycheck.

To see your federal withholding amount, log into the MyUW portal for UW System institutions or for UW-Madison. Launch the Payroll Information module and click on the Earnings Statements tab. Find the Taxes section of your earnings statement where Fed Withholding will be listed. You may choose to review several recent earnings statements to compare your federal withholding, and see how your amount has changed.

If you would like more information, the Internal Revenue Service (IRS) has prepared an IRS Withholding Tables Frequently Asked Question (FAQ) to help employees understand how the new federal tax withholding may affect their paychecks.
If you have questions, contact your human resources office.

Source: UW Service Center
Categories: Tax