Parking Fees Revert to Before-tax Deduction
Recently, Congress repealed section 512(a)(7) of the 2017 Tax Cuts and Jobs Act. As a result of the repeal, Syracuse University employee withholdings for parking fees will be withheld before-tax beginning on Jan. 1, 2020, for calendar year 2020.
Congress retroactively repealed the law, which means employees who had parking fees deducted from their pay during calendar year 2019 will have their W-2 form adjusted in accordance with the repeal of the tax law.
For Syracuse University-specific questions, contact the Payroll Office at 315.443.4042 or email firstname.lastname@example.org.