Payroll Deduction for Parking Permits Change
- Author: Wednesday, August 15th, 2018
Effective July 1, 2018, there was a change affecting faculty and staff members who participate in payroll deduction for parking fees for the 2018-2019 permit year. Under the new Tax Cuts and Jobs Act, payroll deduction of parking fees will be “post-tax” rather than “pre-tax dollars.” The benefit of JLDthis change to employees is that permits paid through payroll deduction will now be eligible for pro-rated refunds.
Benefits eligible Faculty and Staff may choose to have their parking permit paid through payroll deduction if purchased by Friday, August 24th. To purchase your new permit, click HERE.