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Comptroller's Office
University of Pennsylvania
Suite 329 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104
215.898.6291 (Phone)
215.746.7630 (Fax)

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[ Payroll Tax ]

Tax Information

University Tax Office Announcements

The tax season is approaching again. Here’s some information regarding tax documents you may receive and how they could be obtained. Please note: University of Pennsylvania employees are not authorized to provide personal tax advice. If you need assistance completing your taxes, you should consult with a qualified tax specialist or the IRS.

TAX FRAUD: INFORMATION AND RESOURCES

Several members of the Penn community recently reported to the Division of Public Safety that fraudulent tax returns were filed in their name. Investigations to date have shown no data breach at Penn or the Health system. These events may reflect a broader national trend, potentially linked to the large spike in data breaches over the last two years. (see http://www.washingtonpost.com/news/get-there/wp/2015/03/12/senate-finance-committee-to-hold-a-hearing-on-tax-fraud/).

If you find that you are a victim of tax fraud, please visit Penn Privacy page at http://www.upenn.edu/oacp/privacy/penndata/tax-fraud.html

Withholding Credit Denial

This content has moved and can now be found on the Comptrollers - Tax & International Operations Home Page

Tax Rate Changes for 2017

The Social Security Administration (SSA) has announced that the 2017 social security wage base will be $127,200, an increase of $8,700 from 2016 wage base of $118,500. The FICA tax rate will remain the same at 6.2% for the employee portion to match with the employer portion. There is no limit to wages subject to the Medicare Tax; therefore, all covered wages are still subject to the 1.45% until an employee reaches $200,000 an additional .9% to the employee Medicare Tax will be withhold for the employee portion only. The maximum social security tax that employees and employers will each pay in 2017 is $7,886.40. This is an increase of $539.40 from the 2016 maximum tax of $7,347.00.

For State and Local Wage and Tax Information, please use the following link: https://www.adp.com/-/media/Compliance/2017%20Fast%20Wage%20and%20Tax%20Facts/2017FastFactsALL.ashx?la=en

If you have questions or require additional information, please contact the Tax Helpdesk at https://www.finance.upenn.edu:44301/apps/TaxHelpDesk/ or 215-898-6291.

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Comptroller Spotlights

GL Object Codes FY2018
Concur Expense Type/Object Code Matrix (2018)
FY2017 Closing Instructions
FY17 Closing Calendar QRG
Guide to Year-End Closing
School Closing Summary Template

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