Tax Law Changes for Parking Fees, Vanpool, and Bus Passes

Due to tax liability implications of the Tax Cuts and Job Act passed by the Federal Government effective January 1, 2018, the UW System will need to change pre-tax payroll deductions for parking, vanpool, and bus passes. Starting with payrolls dated on or after June 1, 2018, these fees will be deducted on a post-tax basis for UW System employees.

  • Employees paid monthly, will see the post-tax deductions made on the June 1 paycheck (for the pay period of May 1 – May 31)
  • Employees paid biweekly, will see the post-tax deductions on the June 7 paycheck (for the pay period of May 13 – May 26).

Because of the federal tax law changes, UW employees will not be able to create Parking and Transit accounts, as administered by TASC. If you have an existing Parking and Transit account, funds cannot be added for payrolls dated on or after June 1, 2018. Any funds withheld prior to June 1 are still available to be used for parking and transit purposes until exhausted, or until you become ineligible for the plan(s).

The changes to the Parking & Transit accounts administered by TASC do not affect any other plans administered by TASC (i.e. Flexible Spending accounts and Health Savings accounts).

If you have additional questions, please contact your human resources office.

Source: UW Service Center

News home
Legal Holidays
My UW System Help

Archive
2018 | 2017 | 2016
2015 | 2014 | 2013
2012 | 2011 | 2010

RSS Feed - click to subscribe UW-Madison RSS Feed

RSS Feed - click to subscribe UW-System RSS Feed


WRS News Online
for Non-Retired Members

WRS News thumbnail
Current Issue
September 2018

Archive
WRS News Online
Learn More
Member Education
Twitter
@WI_ETF
YouTube
Wisconsin ETF

WRS News
for Retired Members

WRS News thumbnail
Current Issue
September 2018
Archive
WRS News


Administrator Newsletters

ETF Employer Bulletin

ETF Employer Bulletin
Current Issues
◦ Fall Public WRS Presentations, Sept 19 2018
◦ Categorizing Employees for WRS Purposes, Sept 5 2018
◦ It’s Your Choice 2019 Preview Information, Aug 9 2018
Employer Bulletin Archive