End-of-the-year payroll information

Important 2019 Year End Payroll Information

2019 W-2 Availability

  • Electronic W-2’s will be made available to employees who have given consent by January 17, 2020.
  • Paper W-2’s will be mailed to employees who have not given consent to receive them electronically on January 31, 2020. Paper W-2’s will not be available for pick up in Human Resources.

 Verify Your Personal Information

Update your Tax Withholding Forms

  • NEW 2020 tax forms will be available in January on the payroll web page at https://www.grcc.edu/humanresources/forms/payrollforms. New tax forms should be completed if:
    • You moved in or out of the cities of Grand Rapids or Walker.
    • Your filing status has changed.
    • You are currently claiming exempt, to not have any withholding for Federal or State taxes, you are required to complete a new 2020 W-4 no later than February 3, 2020.

1095-C Tax Form

  • All benefited employees will receive a tax form 1095-C from PlanSource in the mail. The form contains information regarding Employer-Provided Health Insurance Offer and Coverage that you may need to report as part of your 2019 tax return.

For Informational Purposes Only

  • The 2020 Social Security tax rate is schedule to remain 6.2%, and the Medicare tax rate remains 1.45%.
  • The 2020 social security wage base will increase to $137,700.00.
  • The 2019 limitation for elective deferrals under a 403(b) or 457(b) will increase to $19,500 and the additional catch up provision for individuals age 50 and over will remain $6,000.00, for a total of $26,000.00

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