Tag: Payroll and Tax Services

Employees may consent to receive W-2 and 1095-C forms electronically

Employees who have not already done so may consent to receive their Form W-2 electronically rather than by mail by logging into the myUFLsystem and navigating to: My Self Service > Payroll and Compensation > W-2/W-2c Consent.

Social Security limit for 2017 increases, while Medicare taxes hold steady

The Social Security wage base limit for 2017 will increase to $127,200. Employees will pay a maximum of $7,886.40 ($127,200 x 6.2%) for 2017.

Protect yourself against tax fraud

The many media reports of tax fraud over the past few years illustrate the importance of knowing how to protect yourself, to be aware of the warning signs and what steps to take if you are victimized.

New IRS Form 1095 to be distributed to employees

Beginning this year, employees will receive a new IRS form to assist in preparing their income tax returns—the 1095-C, Employer Provided Insurance Offer and Coverage.