Tax season will soon be upon us. Below are some annual reminders.
Sign up for electronic delivery of your Form W-2.
Sign up is required to receive your Form W-2 electronically, and the deadline is Dec. 31. If you've already consented to receive your Form W-2 electronically, you’re all set! A Form W-2 FAQ page is available to provide information on electronic Form W-2s for you.
Make sure your address is current.
If you do not plan to take advantage of receiving your Form W-2 electronically, please confirm your mailing address is correct (or permanent address, if no mailing address is provided) in Banner by Dec. 31. At least one active address is required in Banner whether you elect a paper or electronic Form W-2.
Check your federal tax withholding.
The IRS released a new withholding certificate for 2020. Make sure you do not come up short on withholding for 2020 by following these IRS Form W-4 tips and using the IRS withholding calculator to perform a quick “paycheck checkup.”
Update your withholding if necessary.
If you've determined that you need to update your 2020 withholding amount using the tools provided above, changing the allowances on your Form W-4 and/or Form NC-4 is simple. Note that due to IRS restrictions on foreign national taxation, this option is not available for our foreign national employees.
Email the Payroll Office at PayrollDept@uncc.edu.