Ransomware attacks have been in the news lately, including an attack over the Fourth of July weekend that impacted up to 1,500 organizations. In this edition of “ITS In-Depth,” we speak with Syracuse University Chief Information Security Officer Chris Croad…
Paychecks Reflect Changes to Federal Tax Law
Syracuse University employees are advised that the Internal Revenue Service has updated its tax withholding tables to reflect the tax reform legislation passed by Congress in December.
The IRS is currently working to revise the withholding tax calculator and the W-4 Form. The revised calculator, which is expected to be updated by the end of this month, can be used along with the W-4 form to update withholdings in response to the changes in the law. The withholding calculator can be accessed via IRS.gov.
The University’s Office of the Comptroller advises that employees consider consulting their tax advisor regarding their individual situation in response to the new law.
For more details on the changes, the IRS has posted an FAQ information sheet about the withholding tables that can be found on the IRS website here.
For Syracuse University-specific questions, contact the Office of the Comptroller at 315-443-3765 or via email at email@example.com.