Finance and Planning – Page 5

Forms 1099 Miscellaneous Income, 1099 Nonemployee Compensation now available

Forms 1099 Miscellaneous Income, 1099 Nonemployee Compensation mailed January 29, 2024.

Possible tax break due to the Earned Income Tax Credit

State Farm Hall of Business January 2022

Illinois State University employees may be eligible for the federal Earned Income Tax Credit.

Deferred compensation reporting on IRS Form W-2

Deferred compensation contributions found on Form W-2.

Updated 2024 Form W-4 required for employees claiming exemption

To continue claiming an exemption from tax withholding for 2024, you must provide a new IRS Form W-4 to the University Payroll Office by February 15, 2024.

Truncated Social Security numbers to fight identity theft

a tree on the Quad with bright orange leaves next to a tree with green leaves

Illinois State University has opted to truncate taxpayer identification numbers (TINs) on IRS Form W-2 distributed to employees.

Form W-2 for 2023 now available

2023 Form W-2s will be available beginning Monday, January 15.

IRS announces 2024 tax filing season

View of Bone Student Center and the overpass from College Avenue during spring with flowers in bloom.

The IRS has set the official start date for the 2024 tax filing season.

Tax on personal use of employer vehicles

Row of University minivans parked in front of the John Green Building

Illinois State University is electing to forgo withholding income taxes on the value of an employee’s personal use of an employer-provided vehicle.

Dr. Daniel Petree to serve as Interim VP for Finance and Planning

head and shoulders image of Dr. Daniel Petree

Interim President Aondover Tarhule has announced that Dr. Daniel Petree will serve as interim vice president for Finance and Planning, effective January 2, 2024.

2024 tax nonresident treaty renewal

Eligible foreign national individuals must submit new tax treaty paperwork to the University to renew tax treaty benefits.