IMPORTANT PAYROLL NOTICES
IMPORTANT PAYROLL NOTICES
FEDERAL AND STATE TAX EXEMPT INFORMATION FOR 2023
If you were claiming exempt status for federal or state income tax withholding in calendar year 2022 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 2023 calendar year. EXEMPT STATUS MEANS NO FEDERAL AND/OR STATE TAXES ARE WITHHELD FROM YOUR PAYCHECK.
To renew your federal tax-exempt status for 2023, submit a copy of the 2023 W-4 form. Submit a new VA-4 form to claim exempt from Virginia taxes. Submit forms to the Payroll Office in Spong Hall no later than February 15, 2023. If the Payroll Office does not receive a new 2023 W-4 and/or VA-4 form by February 15, 2023, your federal and/or state withholding will reflect your last status prior to claiming exempt. If there is no prior form your status will reflect single or married/single.
Employees may want to file an amended W-4 form if your tax filing status has changed. If you have questions regarding completing the W-4 or VA-4 form, please contact the Payroll Processing Supervisor at e1herrer@odu.edu.
EARNED INCOME CREDIT
If you are eligible for Earned Income Credit in 2022, you must claim the credit on your personal income tax return for 2022; refer to the IRS Notice 797 for detailed information.
Posted By: Gloria Boone
Date: Wed Jan 04 18:16:22 EST 2023