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Affordable Care Act Marketplace Notices

Starting January 1, 2014, if someone does not have a health plan that qualifies as minimum essential coverage, he or she may have to pay a fee. This change also affects new term or student employees.

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Social Security Payroll Taxes increase January 1, 2013

The government reduction in Social Security payroll taxes (“tax holiday”) ended Dec. 31, 2012. The employee tax rate for Social Security will return to 6.2% from 4.2%, resulting in 2 percent less in after-tax pay beginning in the first January 2013 paycheck.

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Graduate Assistant – Taxability of Tuition Waiver

Teaching and research graduate tuition remission is tax exempted by IRS Code Section 117. Graduate assistantships that are not involved in teaching or research were specifically excluded from this exemption thereby making the tuition remission related to these assistantships taxable. However, the tuition remission for these assistantships may be tax exempted under IRS Code Section 132 and Treasury Regulation 162(a) which allows education benefits from employers to be tax

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Employee Graduate Fee Waiver

Staff who are classified as graduate level students taking courses required by their employer or to maintain or improve skills needed in their present job are exempt from taxation.  To claim this exemption, please complete the Job Related Tuition Waiver Form.  This form requires both the signature of the employee and the department head.  Once the form has been completed, return the form to the University Wide Payroll Office

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E-Verify for all new hires

Effective January 1, 2012, Tennessee state law requires that the work authorization status of all newly hired employees must be verified through the federal E-Verify program. The E-Verify process must be completed within 3 days of an employee’s hire date.  Failure to comply with these regulations can result in substantial penalties to the University, with fines up to $2,500 per violation and $2,500 per person not properly verified. The

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