Faculty and Staff Resources
2020 W-4 Changes
The IRS has now released the Form W-4 for 2020. This is very different from 2019 and prior years due to the tax law change that took place in 2018. The IRS is not requiring all employees to complete the revised form and has designed the withholding tables so that they will work with both the new and prior-year forms. However, anyone making withholding changes in 2020 or hired in 2020 will be required to use the new form. The IRS no longer recognizes the allowance (1, 2, 3, etc.) but instead a dollar amount to claim dependents or other adjustments. The new Form W-4 also asks questions related to other income. Please remember everything in payroll is completely confidential and would not be shared with anyone at any time. We strongly suggest utilizing the IRS Withholding Estimator. This tool will help you better gauge what to enter on the W-4. Due to the Federal change, no longer recognizing the allowance, in order to make changes to your Minnesota tax withholding you will be required to complete a Minnesota Form W-4.
As always, we are not able to advise anyone on what to claim for your taxes. You will want to utilize the W-4 worksheet provided, the IRS Withholding Estimator or your tax professional.
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Effective July 1, 2019, Minnesota enacted the Wage Theft Law with new requirements for pay statements. Please contact Payroll if you are in need of a copy of any pay statement with the additional detailed information.
Reminder: The Fair Labor Standards Act (FLSA) allows an employer to round employee time. In and out times can be rounded to the nearest five minute increment. Example: If you arrive at 8:01 or 8:02 you may enter your start time at 8:00, if you are leaving at 5:03 or 5:04 you may clock out at 5:05. Any questions may be directed to the Payroll Office.
Deliberate falsification of an employee timesheet is considered misconduct and will be subject to appropriate disciplinary action.