Announcements

CHANGE IN PAYROLL DEADLINE FOR BW14

Please read the following change to the time entry/approval deadline for BW14 (pay date 07/06/18). This change is required to accommodate for the July 4^th holiday¹. Note: this is a change to the time entry/approval deadline only; there is NO change to the pay date.

Pay period BW14 (06/18/18 - 07/01/18):

Deadline for submitting AND approving time – Monday, 07/02/18 12:00pm
Paychecks and direct deposits issued and dated – Friday, 07/06/18

¹July 4^th is a federal holiday and a floating holiday for the College. The Payroll and Human Resources Offices will be closed that day. Payroll processing must be accelerated to accommodate for the closed day.

Updated 2018 Federal Tax Withholding Tables

The IRS issued updated Federal withholding tax tables as part of the Tax Cuts and Jobs Act of 2017. Many employees will see an increase in their next paycheck issued in February. On 2/28/18 the IRS released a new version of Form W-4 and an updated Withholding Calculator. The links below provide information related to the new Act.

https://www.irs.gov/newsroom/2018-withholding-tables-now-available

https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions

https://www.irs.gov/newsroom/updated-withholding-calculator-form-w-4-released-calculator-helps-taxpayers-review-withholding-following-new-tax-law

Please note: Middlebury College cannot offer tax advice or guidance.