March 30, 2018 – The Tax Cuts and Jobs Act passed by Congress in December 2017 has made a significant change in the Federal Income Tax Tables for the 2018 tax year. The Internal Revenue has recently provided an updated 2018 Form W-4 Employee’s Withholding Allowance. The IRS has also updated the Withholding Calculator provided on their website to help you identify your tax withholding and make sure you have the right amount of tax withheld from your wages. This is even more important this year due to the recent changes to the tax law for 2018.
Santa Fe College’s Office for Finance, Payroll department encourages all SF employees to utilize the IRS Withholding Calculator to perform a quick “paycheck checkup.” SF is not authorized to give tax advice regarding your tax status or the number of allowances to claim. Consult your tax preparer or use the information from the IRS to determine the number of allowances you need to claim or if you want additional funds withheld from your paycheck. If you determine you need to adjust your withholding, please complete a 2018 W-4 Form and submit it to Human Resources.
If you are unsure of your current tax status and allowances, you can access this information on e-Staff under your “MY INFORMATION” menu. Select “Payroll Information” and “W-4 Tax Withholding.” If you have any difficulty in finding any of this information please contact Payroll at 352-395-5212 or 352-395-5927.