W-2 Wage and Tax Statements Available Online
March 22, 2013
The 2012 W-2 Wage and Tax Statements are now available in My UW System (UW-Madison users should visit My UW, under the Work Record tab). Your statement is located under the Tax Statements tab in the Payroll Information module. Paper copies of the W-2 were postmarked and mailed by January 31, 2013.
A printed Form W-2 from the portal is a valid document for tax filing. However, you must write your Social Security number or Individual Tax Payer Identification number in the 'a' field at the top of each Form W-2 section. In order to increase the security of sensitive information online, any U.S. Social Security or Tax Payer identification number has been removed from the online statements.
Some employees also received additional tax forms from the University (1042-S, Fellowship/Scholarship Letter, 1099). The 1042-S and Fellowship/Scholarship Letter are posted in the portal. The 1099 will not be available in the portal.
New Information on your W-2: The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan. On your W-2 in Box 12, Code DD, you will see the cost of employer-sponsored health coverage including the employee and employer share of State Group Health premiums and the employee premium for EPIC Benefits+ (reflected as 'EPIC' on the employee earnings statement). These amounts are not taxable.
Employees are reminded that they should not use their final 2012 Earnings Statement to file their taxes. Some employees have had adjustments made to their 2012 taxable earnings since the last 2012 payroll was paid. These employees will have an additional earnings statement generated reflecting these adjustments. These adjustments will already be reflected on the Form W-2 that the employee receives.
Related Link: Explanation of the W-2 Wage and Tax Statement
Source: UW Service Center
Categories: Tax