Payroll Services

Welcome to Payroll Services at The University of Texas at Austin! We are a team of payroll professionals dedicated to serving the university community. Our primary goal is to provide timely and accurate payroll services while ensuring compliance with all applicable laws and policies. Additional responsibilities of Payroll Services include federal and state reporting, administering and remitting employee deductions and employer contributions, taxable fringe benefits administration, departmental fringe assessments, retiree insurance billing, and nonresident alien taxation.

We hope the information on our Web site is useful, and that you will visit frequently. Feel free to contact us if you have questions or ideas that would help us serve you better.

The University of Texas at Austin Mission

 

*NEWS AND SPOTLIGHTS*

2011 W-2s Available Online
The 2011 W-2 forms are available online. Log in using your upgraded UT EID and password to claim yours today.

Social Security Tax Rate Temporarily Extended in 2012
On Dec. 23, Congress passed the Temporary Payroll Tax Cut Continuation Act of 2011, which extended the two percentage point Social Security tax cut for employees, continuing the reduction from 6.2% to 4.2% through Feb. 29, 2012. As a result, the combined Social Security (4.2%) and Medicare (1.45%) rate is 5.65% for wages up to the Social Security wage limit of $110,100. Since the university’s Jan. 3 paychecks were processed prior to passage of the act, the rate in effect on that payroll was a combined rate of 7.65%. Employees who were over-withheld Social Security on the Jan. 3 paycheck will be refunded when their next payroll payment is processed. For most employees, this will occur on the Feb. 1 monthly payday. For employees who do not receive another payroll payment by Feb. 1, their difference will be refunded separately.

Social Security Wage Limit Increase
Effective Jan 1, 2012, the Social Security wage limit increases from $106,800 to $110,100.

New Federal Withholding Tax Rates for 2012
The IRS has issued new federal withholding tax rates for the 2012 tax year. For details about the tax calculation, please see the 2012 Tax Rates on our website.

 

Archived News/Spotlights

 

 

 

*Note: Information on the Payroll Services web site in PDF format is best viewed with Adobe Acrobat Reader 6.0 or later. Earlier versions may result in incomplete rendering of information. A free update of Adobe Acrobat Reader may be obtained from Adobe.