IMPORTANT PAYROLL NOTICES
IMPORTANT PAYROLL NOTICES
FEDERAL AND STATE TAX EXEMPT INFORMATION FOR 2022
If you are claiming exempt status for federal or state income tax withholding in calendar year 2021 the Internal Revenue service and Commonwealth of Virginia tax regulations require submission of a new W-4 or VA-4 form to continue the exemption for the 2022 calendar year. EXEMPT STATUS MEANS NO FEDERAL AND/OR STATE TAXES ARE WITHHELD FROM YOUR PAYCHECK.
To renew your tax-exempt status for 2022, you must submit a copy of the 2022 W-4 form – W-4 forms with dates prior to 2022 will not be accepted to claim exempt in calendar year 2022. Submit a new VA-4 form to claim exempt from Virginia taxes. Forms must be submitted to the Payroll Office in Spong Hall no later than February 16, 2022. If you claimed exempt for either Federal or State withholding and the Payroll Office does not receive a new 2022 W-4 and/or VA-4 form by February 16, 2022, your federal and state withholding status will be changed to reflect your last status prior to claiming exempt; if there is no prior form your status will reflect single or married/single. Refunds for excess tax withholding may be obtained when you file your 2022 income tax returns only.
Employees may want to file an amended W-4 form if your tax filing status has changed since your last filing. If you have questions about completing the W-4 or VA-4 forms, please contact your Payroll Processor.
EARNED INCOME CREDIT
If you are eligible for Earned Income Credit in 2021, you must claim the credit on your personal income tax return for 2021; refer to the IRS Notice 797 for detailed information.
W-2 INFORMATION
Electronic receipt of W2’s will be available for all active employees on or before January 31, 2022. You must use Leo Online and give your consent to receive your Tax form electronically. Go to Leo online. From the Main Menu, select (1) Employee (2) Tax Forms (3) Electronic W2 Consent (4) Then under Selection Criteria you will see a box with the words “My Choice” above it. Click the box (5) then click submit. You will NOT receive a confirmation message – if the box is checked after you click submit, you have consented. If you have already consented to receive your W2 electronically, please do not resubmit.
By consenting to receive your W-2 electronically, you agree to return to this site between January 31 and October 15 of the appropriate year to print your W-2 form on-line. You may be required to print and attach your W-2 form to a Federal, State, or local income tax return.
Your consent will be valid for all subsequent tax years unless revoked by you, upon termination, or if this service is not supported in a future given tax year. You may revoke your consent and receive a paper Form W-2 by accessing the site and unchecking the consent box or providing written notification to the Payroll Office.
W-2 forms for those who do not consent to receive electronic W-2s and for terminated employees will be mailed to the home address on file on or before January 31, 2022.
Posted By: Gloria Boone
Date: Wed Jan 05 15:10:03 EST 2022