The Tax Cuts and Jobs Act, passed in December 2017, affects policies and procedures for the University and its employees in a number of ways, including in the following areas:
- Transportation Fringe Benefits;
- Unrelated Business Income Tax (UBIT); and,
- Moving Expenses.
On an individual (personal) level – all employees might want to check their withholdings, using the new withholding calculator available online at https://www.irs.gov/individuals/irs-withholding-calculator.