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W2 and 1042S TAX INFORMATION for 2013

Explanation of W2 boxes

Local Tax boxes 18, 19, 20

Box 12DD Cost of employer sponsored health coverage

1042S Information

Other helpful resources

W-2 and 1042S Request for Duplicate Form (available February 17, 2014)

Additional Medicare Tax

 

If you still have questions, please email payrollinfo@cfo.pitt.edu

 

 

Click here to see a summary of tax rates for 2014.

 

Percentage Method Tables for Income Tax Withholding, Notice 1036

 


FICA 2014

FICA taxes are broken down into two parts: Social Security and Medicare. The University of Pittsburgh is required to withhold FICA taxes for all employees for whom it is applicable. Students who currently have a full course-load are exempt from FICA, as are individuals who are not tax residents of the U.S. Also, certain fellowships and scholarships are exempt from FICA taxes.

 

FICA Tax Rates:
Social Security 6.2% (cap $117,000)

Medicare 1.45%

Certain types of deductions, such as medical benefits, may reduce the FICA taxable income for an individual.

 

FIT 2014

The University of Pittsburgh is required to withhold Federal Income Tax (FIT) for all employees for whom it is applicable. Certain fellowships and scholarships, as well as Foreign Nationals who qualify for treaty benefits, are exempt from FIT.

Certain types of deductions, such as retirement and medical benefits, may reduce the FIT taxable income for an individual.

There is not one specific amount or percentage of income that the University must withhold for an individual. Taxation is based upon an individual’s filing status (Single or Married) and the number of allowances that he/she claims. The IRS imposes special withholding restrictions on Foreign Nationals who are Non Residents for tax purposes. For specific amounts, refer to the IRS tax charts by clicking here.

 

SIT/SUI 2014

The University of Pittsburgh is required to withhold both State of Pennsylvania Income Tax (SIT) and State Unemployment tax for all employees for whom it is applicable. Certain types of deductions, such as medical benefits, may reduce the SIT taxable income for an individual.

Current Income Tax Rate for Pennsylvania: 3.07%

Current Unemployment Tax Rate for Pennsylvania: .07%

 

Local Earned Income (LEI) Tax

Pennsylvania Act 32 requires employers to withhold applicable local Earned Income Tax (EIT) on behalf of their employees and remit it to a designated Tax Collection District. To comply with this new law, the University will withhold EIT from all Faculty, Staff, and Students who are subject to these taxes.

 

TO ENSURE YOUR TAXES ARE WITHHELD CORRECTLY, verify that the state, local municipality, and school district reflected on you pay statement are correct for your permanent residence. Employees are responsible for checking their pay statementon payday and notifying thePayrollDepartmentif this information is incorrect. Employees will be responsible for reconciling with individual taxing jurisdictions for any errors reported later than 30 days* after payday.

*Errors discovered on a December pay statement must be reported to Payroll within 5 days after payday.

 

For a Residency Certification Form, click here

To find your LEI Withholding Tax Rate, click here

Frequently Asked Questions, click here

More information on ACT 32, click here

 

Local ServicesTax 2014

Click on the political subdivision in which you are employed.

Bradford (Bradford Township)

City of Pittsburgh

Greensburg (Hempfield Township)

Johnstown (Richland Township)

Mechanicsburg

Monessen

O'Hara Township

Plum Borough

Titusville

 

 

 

Non-Immigrants

Click here for Foreign National tax details.  

 

 

IRS Website

Human Resources

IRS Withholding Calculator

Pittsburgh Department of Finance

Understanding Your Form W-2