Please review this important information pertaining to your 2017 tax returns and 2018 taxes and pay schedule. Some of these items may require action on your part.
W-2s for your 2017 Taxes
- Printed W-2s will be mailed by Jan. 31 to the address you have on file.
- Electronic W-2s will be available for viewing on AYSO after Jan. 18.
- Important: UC does not send actual W-2 statements to employees by email or text. You must log in to AYSO to view your electronic W-2 (if you have requested one). If you receive an email or text that has an attachment for viewing your W-2, it is a phishing scam designed to gain your private information. Scammers may also send emails with fraudulent links. Do not open any attachments or click on any email links. To access your electronic W-2 statement, always go directly to the AYSO site using a safe/known link (like the ones in this article) and log in.
Federal and state Earned Income Tax Credit (EITC)
In accordance with the Earned Income Tax Credit Information Act, the university includes a notice with all Form W-2 statements notifying employees that they may be eligible for the federal Earned Income Tax Credit. The Earned Income Tax Credit, EITC or EIC, is a benefit for working people with low to moderate income. To qualify, you must meet certain requirements and file a tax return, even if you do not owe any tax or are not required to file. EITC reduces the amount of tax you owe and may give you a refund. To see if you qualify use the EITC Assistant, review the IRS Information here. Additional information regarding the federal EITC can be obtained by referencing IRS Notice 797, or by contacting the Internal Revenue Service by phone at (800) 829-3676 or through its website at www.irs.gov.
You also may be eligible to receive the California EITC starting with the 2015 tax year. The California EITC is a refundable state income tax credit for low-income working individuals and families. The California EITC is treated in the same manner as the federal EITC and generally will not be used to determine eligibility for welfare benefits under California law. To claim the California EITC, even if you do not owe California taxes, you must file a California income tax return and complete and attach the California EITC form (FTB 3514). For information on the availability of the credit, eligibility requirements, and how to obtain the necessary California forms and get help filing, contact the Franchise Tax Board by phone at (800) 852-5711 or through its web site at www.ftb.ca.gov.
Claiming Exemption from Withholding
The IRS requires you to complete a new W-4 form each year if you are claiming exemption from tax withholding. If you wish to renew your exemption from withholding for 2018, you must make this choice on AYSO before Feb. 14, 2018.