Dear Students and Families: Congratulations—we crossed the threshold of the midway point of the fall semester earlier this week! I hope you’ll take time this weekend to recharge your batteries, connect with friends and burn off some stress. The activities…
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Recently, Congress repealed section 512(a)(7) of the 2017 Tax Cuts and Jobs Act.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Congress retroactively repealed the law, which means employees who had parking fees deducted from their pay during calendar year 2019 will have their W-2 form adjusted in accordance with the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 email@example.com.