Payroll – Page 11

Affordable Care Act (ACA) forms mailed

image of an Affordable Care Act document on an American flag. Text on image reads Affordable Care Act

The 2017 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Insurance, were mailed on February 22, 2018, via the United States Postal Service (USPS).

2017 Form W-2 Wage and Tax Statements mailed on January 17, 2018

W-2 Wage and Statement Form. Wage and Tax Statement.

As of January 16, 2018, electronic versions of these forms were made available through iPeople Self-Service. Address changes made after January 10, 2018 have not been included for the 2017 Form W-2 mailing.

IRS extends due date for employers to issue health coverage forms in 2018

The Internal Revenue Service announced that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals.

2018 income tax withholding tables implementation

Tax form business financial concept: macro view of individual return tax form and blue metal ballpoint pen

Effective for payment dates January 16, 2018, and later, Illinois State University has implemented the new 2018 income tax withholding tables, released on January 11, 2018, reflecting changes made by the tax reform legislation enacted last month.

2018 tax filing season begins

The Internal Revenue Service has announced plans to begin accepting individual tax returns electronically on January 29, 2018.

End-of-year tax reminders

Here are some end-of-the-year tax reminders.

State of Illinois income tax rate increased to 4.95 percent

Flag of state of Illinois with eagle and shield

The Illinois Income Tax rate for individuals has increased from 3.75 percent (.0375) to 4.95 percent (.0495), effective July 1, 2017.

Tips for protecting yourself against financial fraud

According to the IRS, fraud costs victims $190 billion annually in the U.S. alone. Keep reading for more information on each of these types of financial fraud and what you can do to avoid them.

Paycheck distribution change

Effective March 31, 2017, employees who have not enrolled in direct deposit will be required to pick up their paycheck at the University Payroll Office.

ACA Tax Forms Mailed

The 2016 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Insurance, were mailed on February 28, 2017, via the United State Postal Service (USPS).