CU to change payroll deductions for parking from pre-tax to post-tax on July 1

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CU to change payroll deductions for parking from pre-tax to post-tax on July 1

The Tax Cuts and Jobs Act implemented tax code changes that no longer allow the University of Colorado to accept pre-tax parking deductions.

Effective July 1, 2018, all parking deductions will transition from pre-tax to post-tax. This change affects employee on all campuses.

If you participate in these parking deductions, you will notice the deduction type change. Please contact the department you worked with to set up your parking deductions if you have questions.

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