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Important W-4 Update for 2020

Newly hired employees:

Please read the following about updates to the 2020 IRS form W-4. All changes to withholdings going forward must be completed via the Oracle Cloud Tax Withholding module.  For self-service instructions concerning tax withholding reporting, click here.

If you are encountering difficulty in navigating the self-service option above, click here to download IRS Form 2020 W-4 that we need you to complete. Please complete this form, even if you think we already have your correct information, and return it to payroll@tcnj.edu along with two forms of identification.

If we do not receive your 2020 W-4 form, we will withhold federal income taxes at the single rate with no further adjustments.

See below for links to more information.

If your hire date is BEFORE 01/01/2020:

If your hire date is before 01/01/2020 you do not need to take any action.

However, if you want to change your withholding due to life changes or personal preference you must submit the new (2020) version of the W-4 form following the directions above.

General instructions:

The 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions. This is due to the federal tax law changes that took place in 2018. The Internal Revenue Service (IRS) requires certain employees such as those hired in 2020 and anyone who makes withholding changes during 2020 to use the new form.

Before completing the 2020 Form W-4, please read the instructions that are included with the form.

You must complete Steps 1 and 5. Steps 2, 3, and 4 are optional, but completing them will help ensure that your federal income tax withholding will more accurately match your tax liability. Step 1 is for your personal information; Step 2 is for households with multiple jobs; Step 3 is used to claim tax credits for dependents; Step 4 is for other adjustments (additional income such as interest and dividends, itemized deductions that exceed the standard deduction, and extra tax you want withheld); and Step 5 is where you sign the form.

 

Payments for ten month employees

Ten month employees will receive their last payment for the academic year on Friday, June 17, 2016. The first payment for the 2016-2017 academic year will be August 26, 2016. Continue Reading

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We have transitioned to Oracle Cloud. All changes to direct deposit or tax withholding information must be submitted through the Cloud. Please view the ‘Self-Service’ tab for instructions.
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