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<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%">Hello, <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%">I wanted to make sure everyone received this information, please let me know if you have any questions.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%">Thank you <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><i><span style="font-family:"Aptos",sans-serif;color:#77206D;mso-ligatures:standardcontextual"><o:p> </o:p></span></i></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><i><span style="font-size:11.0pt;font-family:"Aptos",sans-serif;color:#538135;mso-ligatures:standardcontextual"><o:p> </o:p></span></i></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><i><span style="font-size:11.0pt;font-family:"Aptos",sans-serif;color:#538135;mso-ligatures:standardcontextual"><o:p> </o:p></span></i></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><i><span style="font-size:11.0pt;font-family:"Aptos",sans-serif;color:#0F4761;mso-ligatures:standardcontextual">Best,
<o:p></o:p></span></i></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><i><span style="font-size:11.0pt;font-family:"Aptos",sans-serif;color:#538135;mso-ligatures:standardcontextual"><o:p> </o:p></span></i></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt;font-family:"Aptos Display",sans-serif;color:#156082;mso-ligatures:standardcontextual">Liz Enriquez
<i><o:p></o:p></i></span></b></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-family:"Aptos Display",sans-serif;color:black;mso-ligatures:standardcontextual">HR Generalist II
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-family:"Aptos Display",sans-serif;color:black;mso-ligatures:standardcontextual">School of Plant Sciences
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-family:"Aptos Display",sans-serif;color:black;mso-ligatures:standardcontextual">THE UNIVERSITY OF ARIZONA<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-family:"Aptos Display",sans-serif;color:black;mso-ligatures:standardcontextual"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;line-height:106%"><o:p> </o:p></span></p>
<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:11.0pt">From:</span></b><span style="font-size:11.0pt"> FNSV-paynews@arizona.edu <FNSV-paynews@arizona.edu>
<br>
<b>Sent:</b> Wednesday, January 10, 2024 9:32 AM<br>
<b>To:</b> Enriquez, Lizeth - (lizenriquez) <lizenriquez@arizona.edu><br>
<b>Subject:</b> IMPORTANT: Tax & Paycheck Changes Beginning with First Paycheck in 2024<o:p></o:p></span></p>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p><img width="600" height="90" style="width:6.25in;height:.9375in" id="_x0000_i1025" src="https://s3-us-west-2.amazonaws.com/fso-email-logos/banner-payroll.png" alt="Financial Services Payroll logo"><span style="font-size:12.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<span class="c11"><span style="font-size:11.0pt">To: All Employees</span></span><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<span class="c11"><span style="font-size:11.0pt"> </span></span><o:p></o:p></p>
<p class="MsoPlainText" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">From: Michelle Meyer, Director, Payroll Administration</span></span><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<span class="c11"><span style="font-size:11.0pt"> </span></span><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<span class="c11"><span style="font-size:11.0pt">Subject: Federal Tax & Paycheck Changes Beginning with First Paycheck of 2024</span></span><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<span class="c11"><span style="font-size:11.0pt"> </span></span><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">New federal tax withholding tables have been released and the Social Security wage base has increased. Please take a moment to review these changes to ensure your information is accurate.
</span><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black"> </span></b><o:p></o:p></p>
<p class="c0" style="mso-margin-top-alt:0in;margin-right:6.0pt;margin-bottom:0in;margin-left:0in">
<b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">Federal Tax Changes</span></b><o:p></o:p></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">The Internal Revenue Service (IRS) has issued new tax withholding tables that are now in effect. The University payroll system has been updated
and this change will be reflected on your <b>Friday, January 12, 2024</b>, paycheck.</span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">If you would like to make changes to your withholding, submit a revised Form W-4 by going to UAccess Employee > UA Employee Main Homepage > Payroll
and Compensation Tile > W-4 Tax Forms > W-4 Tax Information.</span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">If you are wondering how these changes will impact your take-home pay, please contact your tax advisor to ensure you have the correct tax withholding
for the current tax year. </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">Here are additional resources for information regarding tax withholding:</span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:0in;text-indent:-.25in"><span style="font-size:11.0pt;line-height:106%;font-family:Symbol;color:black">·</span><span style="font-size:7.0pt;line-height:106%;font-family:"Times New Roman",serif;color:black">
</span><span style="font-size:11.0pt;line-height:106%"><a href="https://www.irs.gov/pub/irs-pdf/p15t.pdf"><b><span style="color:#8B0015">IRS Publication 15-T</span></b></a>
<o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:0in;text-indent:-.25in"><span class="MsoHyperlink"><span style="font-size:11.0pt;line-height:106%;font-family:Symbol;color:black;text-decoration:none">·</span></span><span class="MsoHyperlink"><span style="font-size:7.0pt;line-height:106%;font-family:"Times New Roman",serif;color:black;text-decoration:none">
</span></span><span style="font-size:11.0pt;line-height:106%"><a href="https://financialservices.arizona.edu/payroll/employees/taxes/w4-2020"><b><span style="color:#8B0015">2020 Changes to Form W-4</span></b></a><o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:0in;text-indent:-.25in"><span class="MsoHyperlink"><span style="font-size:11.0pt;line-height:106%;font-family:Symbol;color:black;text-decoration:none">·</span></span><span class="MsoHyperlink"><span style="font-size:7.0pt;line-height:106%;font-family:"Times New Roman",serif;color:black;text-decoration:none">
</span></span><span style="font-size:11.0pt;line-height:106%"><a href="https://arizona.sabacloud.com/Saba/Web_spf/NA7P1PRD161/common/ledetail/0000014272/latestversion"><b><span style="color:#8B0015">Exploring Your Payroll and Compensation Tools training</span></b></a><o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:0in;text-indent:-.25in"><span class="c11"><span style="font-size:11.0pt;line-height:106%;font-family:Symbol">·</span></span><span class="c11"><span style="font-size:7.0pt;line-height:106%;font-family:"Times New Roman",serif">
</span></span><span class="MsoHyperlink"><b><span style="font-size:11.0pt;line-height:106%;color:#8B0015">IRS Tax Withholding
</span></b></span><span style="font-size:11.0pt;line-height:106%"><a href="https://www.irs.gov/individuals/tax-withholding-estimator"><b><span style="color:#8B0015">Estimator</span></b></a><span class="MsoHyperlink"><b><span style="color:#8B0015">
</span></b></span><o:p></o:p></span></p>
<p class="MsoListParagraph" style="margin-bottom:0in;text-indent:-.25in"><span class="c11"><span style="font-size:11.0pt;line-height:106%;font-family:Symbol">·</span></span><span class="c11"><span style="font-size:7.0pt;line-height:106%;font-family:"Times New Roman",serif">
</span></span><span style="font-size:11.0pt;line-height:106%"><a href="https://www.paycheckcity.com/calculator"><b><span style="color:#800B15">PaycheckCity Calculator</span></b></a><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><b><span style="font-size:11.0pt;line-height:106%;color:black">Social Security (FICA) Change
</span></b><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">The Social Security Administration has announced that the 2024 wage base will increase to $168,600, which is up from $168,200 the previous year.
The FICA tax rate remains the same at 6.2% on covered wages and will remain in effect until the end of the 2024 calendar year unless there is further federal legislation.</span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">As in prior years, there is no limit to wages subject to the Medicare tax. Therefore, covered wages up to $200,000 are still subject to the 1.45%
tax, and covered wages over $200,000 will be subject to an additional .9% tax. </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%"> </span></span><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:0in"><span class="c11"><span style="font-size:11.0pt;line-height:106%">View
</span></span><span style="font-size:11.0pt;line-height:106%"><a href="https://www.irs.gov/taxtopics/tc751"><b><span style="color:#8B0015">Topic No. 751 Social Security and Medicare Withholding Rates</span></b></a><span class="c11"> for more information.
</span><o:p></o:p></span></p>
<p><span class="c11"><span style="font-size:11.0pt;line-height:106%">If you have questions, please contact Payroll at 520-621-9097 or
</span></span><span style="font-size:11.0pt;line-height:106%"><a href="mailto:FNSV-Payroll-Info@arizona.edu"><b><span style="color:#800B15">FNSV-Payroll-Info@arizona.edu</span></b></a>.<o:p></o:p></span></p>
<p><strong><span style="font-size:11.0pt;line-height:106%;font-family:"Calibri",sans-serif">Please note that the Payroll Department and its employees are not authorized to provide any tax advice.</span></strong><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;line-height:106%;color:black;background:yellow"> </span></b><span style="font-size:11.0pt;line-height:106%"><o:p></o:p></span></p>
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