[Entm-researchstaff] FW: [CNASDeptAdministrators] Important year-end tax and payroll reminders:

[Kathy Carrington]

Hello Everyone,

Below is information to help you prepare for your 2020 W2 and your 2021 tax withholdings.

Please note, I highlighted information regarding an opportunity to change our pension choice for those that are eligible.

Your questions should be addressed directly to NAPSU at ucr.edu<mailto:NAPSU at ucr.edu> or UCPATH.

Best,

Kathy J. Carrington
Financial & Administrative Officer
Department of Entomology
951-827-3006 voice | 951-827-3086 fax
[cid:image003.jpg at 01D6E342.4D95FBF0]

From: Cnasdeptadministrators <cnasdeptadministrators-bounces at lists.ucr.edu> On Behalf Of Rose Silvas
Sent: Monday, January 04, 2021 5:07 PM
To: cnasdeptadministrators (cnasdeptadministrators at lists.ucr.edu) <cnasdeptadministrators at lists.ucr.edu>
Subject: [CNASDeptAdministrators] Important year-end tax and payroll reminders:
Importance: High

Good afternoon Department Administrators,
Happy New Year!
Please review the following reminders provided by UCPath related to year-end tax data. Also, UCNET recently published the announcement regarding the "second choice window" for Savings Choice participants. I have included the UCNet links regarding the "second choice window" information.
Jan. 15, 2021: Tax information deadline

UCPath begins processing W-2s in late January. To ensure the information on your W-2 is complete, accurate and reaches you, please take the following steps by January 15.

  *   Verify your personal email and home address in UCPath online. Even if you opt for a digital W-2, it's important that UC can reach you<https://ucnet.universityofcalifornia.edu/news/2020/06/take-charge-of-your-benefits-on-ucpath-online.html>.
  *   Verify your dependents. The Affordable Care Act (ACA) requires UC to make reasonable efforts to obtain Social Security numbers for employees, their spouses/domestic partners and dependents. To review or update your information, log in to UCPath online<https://ucpath.universityofcalifornia.edu/>, then select Employee Actions > Health and Welfare > Dependent Coverage.
  *   Opt-in to an electronic W-2. Online W-2s are easy, secure<https://ucnet.universityofcalifornia.edu/news/2020/12/important-year-end-tax-and-payroll-reminders.html#security> and oh-so-convenient! To sign up, log in to UCPath online<https://ucpath.universityofcalifornia.edu/>, then select Employee Actions > Income and Taxes > Enroll to Receive Online W-2.
  *   International workers: Verify your GLACIER account information. International employees may receive a W-2 or 1042-S (Foreign Person's U.S. Source Income Subject to Withholding). To ensure your tax information is sent correctly, verify that your personal email and home addresses match exactly in UCPath online and the GLACIER tax database. You may also opt to have an electronic 1042-S through Learn more about Form 1042-S<https://www.irs.gov/forms-pubs/about-form-1042-s>.

Important security reminder

UC does not send W-2 statements by email or text. If you receive an email or text with a link or an attachment for viewing a W-2, it is a phishing scam designed to gain your private information. Do not open attachments or click email links that claim to provide access to your W-2. To access your electronic W-2, always go to UCPath online<https://ucpath.universityofcalifornia.edu/> using a safe/known link.

Federal and State Earned Income Tax Credit (EITC or EIC)

  *   Per the Earned Income Tax Credit Information Act, UC includes a notice with all Form W-2 statements notifying employees that they may be eligible for the federal EITC. This is a benefit for working people with low to moderate-income. To qualify, you must meet certain requirements<https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/use-the-eitc-assistant> and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may give you a refund. For more information about the federal EITC, reference IRS Notice 797PDF<https://www.irs.gov/pub/irs-pdf/n797.pdf> or contact the Internal Revenue Service at (800) 829-3676 or via irs.gov<http://www.irs.gov/>.
  *   You also may be eligible to receive the California EITC, starting with the 2015 tax year. The California EITC is a refundable state income tax credit for low-income working individuals and families. It is treated in the same manner as the federal EITC and generally will not be used to determine eligibility for welfare benefits under California law. To claim the California EITC, even if you do not owe California taxes, you must file a California income tax return and complete and attach the California EITC Form (FTB 3514). For information on the availability of the credit, eligibility, how to obtain necessary forms and help filing, contact the Franchise Tax Board at (800) 852-5711 or via ftb.ca.gov<http://www.ftb.ca.gov/>.

Claiming exemption from withholding

The IRS requires you to complete a new W-4 form each year if you are claiming exemption from tax withholding. If you wish to claim exemption from withholding in 2021, you must make this choice on UCPath online<http://ucpath.universityofcalifornia.edu> before Feb. 15, 2021.



In addition, the IRS has provided approval for the University of California to allow Saving Choice participants the opportunity to switch from Savings Choice to Pension Choice. The "second choice window" was made available on January 1, 2021 for the first cohort of Savings Choice participants.

The links below outline the specific details on the "second choice window":

https://ucnet.universityofcalifornia.edu/news/2020/12/second-choice-opportunity-approved-for-savings-choice-participants-beginning-in-2021.html

https://ucnet.universityofcalifornia.edu/compensation-and-benefits/retirement-benefits/2016-retirement-choice/second-choice-window-for-savings-choice-participants.html



Have questions or need help, please reach out to your Harvest Payroll contact or you may also log in to UCPath<http://ucpath.universityofcalifornia.edu> and select Ask UCPath to submit an inquiry.

Thank you,


Rose Silvas
Director of Payroll
Harvest Shared Service Center
College of Natural & Agricultural Sciences
UNIVERSITY OF CALIFORNIA, RIVERSIDE
202 College Building North | 951-827-7112
[UCR-HARVEST Logo #3 (00000002)]

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