Payroll Bulletin

Items listed below were previously on the Announcement section of Payroll's homepage.

Taxable Benefits for Basketball Tickets

Discounted Season Men's and Women's basketball tickets purchased in 2021 will be included as a taxable benefit for eligible participating staff/faculty. Applicable taxes will be withheld on the following pay dates:

Bi-weekly pay: Men's Basketball: 9/3/21, Women's Basketball: 10/1/21
Monthly pay: Men's Basketball: 8/31/21, Women's Basketball: 9/30/21

Moving forward, athletic season tickets purchased will be taxed in a payroll soon after the completed purchase.

Taxable Benefits for Popejoy Tickets

Discounted Popejoy tickets purchased in 2020 will be included as a taxable benefit for eligible participating staff/faculty.  The Applicable taxes will be withheld on the following pay dates:

Bi-weekly pay: 10/1/21
Monthly pay: 9/30/21

Moving forward, Popejoy tickets purchased will be taxed in a payroll soon after the completed purchase.

Taxable Benefits for Football Tickets

Discounted Season Football tickets purchased in 2021 will be included as a taxable benefit for eligible participating staff/faculty. Applicable taxes will be withheld on the following pay dates:

Bi-weekly pay: 6/25/21
Monthly pay: 6/30/21

Moving forward, athletic season tickets purchased will be taxed in a payroll soon after the completed purchase.

Taxable Benefits for Tuition Remission

The following items will be included as a taxable benefit for eligible participating staff/faculty on the following pay dates. Applicable taxes will be withheld for:
Dependent Education:
Bi-weekly pay: 4/2/21, 4/16/21, 4/30/21, 5/14/21, & 5/28/21
Monthly pay: 3/31/21 & 4/30/21

Personal Enrichment:
Bi-weekly pay: 3/5/21, 3/19/21, 4/2/21, 4/16/21, 4/30/21, 5/14/21, 5/28/21, 6/11/21, 8/6/20, 8/20/21, 9/3/21, 9/17/21, & 10/1/21
Monthly pay: 3/31/21, 4/30/21, 5/28/21, 8/31/21, & 9/30/21

Spring Tuition Remission:
Bi-weekly pay: 3/5/21
Monthly pay: 3/31/21

Tuition exceeding $5250:
Biweekly pay: 10/29/21, 11/12/21, 11/26/21, & 12/10/21
Monthly pay: 3/31/21, 4/30/21, 10/29/21, & 11/30/21

       Summer Tuition Remission:
Bi-weekly pay: 8/6/21
Monthly pay: 8/31/21

Fall Tuition Remission:
Bi-weekly pay: 10/15/21
Monthly pay: 10/29/21

January 2021

Electronic W-2/1095-C As an active UNM Employee and Retiree, you may now opt in to receive your W-2 and 1095-C forms electronically through LoboWeb. Login to LoboWeb and then select 'Tax Forms' to consent to the electronic distribution of these forms for 2020 and watch Lucy's video. This initiative, announced by our Human Resources Department seeks to improve your online experience with easy and earlier access, further protect your personal data, and achieve more efficiency by reducing paper and mailing costs. E-Consent must be done by end of day on 1/19/21.

IRS Student Scam Alert

2020 Form W-2
Electronic W-2s will be posted in LoboWeb by 1/31/21 for active UNM employees and Retirees who consented to receiving their 2020 W-2s electronically.  Employees who did not consent will receive their W-2 paper forms via U.S. Postal Service.  These will be post-marked no later than 2/1/21.  If you have not received your 2020 W-2 by February 15th, please contact the Payroll Office.

You can use the 2020 W-2 calculation worksheet located within "Employee Toolbox" on the payroll website to better understand the calculations used for your 2020 Form W-2. Please refer to your final paystub in 2020 when using this worksheet.

July 2021

The IRS has launched two new online tools designed to help families manage and monitor the advance monthly payments of Child Tax Credits

December 2020

Payroll Adjustment Form Change: As of December 1st, the old Payroll Leave/Pay Adjustment Form will no longer be accepted.  Here you will find more information regarding this form such as, what the form is used for, how to save it, and what is required in order for us to process the completed form.

Banner Department Time Entry (DTE) Training Course is now available.

Taxable Benefits  for eligible participating staff and faculty.

2021 Payroll Timekeeper and Approver Schedule is now available

Banner Department Time Entry (DTE) Training Course is now available

Payroll Adjustment Form Change-  the old Payroll Leave/Pay Adjustment Form will no longer be accepted as of 12/1/2020.  Please click here for the new form.

Start your Year-End Planning


October - December 2020

Taxable Benefits
The following items will be included as a taxable benefit for eligible participating staff/faculty on the following pay dates. Applicable taxes will be withheld for:

Dependent Education:
Bi-weekly pay: 9/18/20, 10/2/20, 10/16/20, & 10/30/20.
Monthly pay: 9/30/20 & 10/30/20.

Fall Tuition Remission:
Bi-weekly pay: 10/16/20
Monthly pay: 10/30/20.

Tuition exceeding $5250:
Bi-weekly pay: 10/16/20, 10/30/20, 11/13/20, 11/27/20, 12/11/20 & 12/24/20.
Monthly pay: 10/30/20, 11/30/20 & 12/22/20.

 

September 2020

Question: Is UNM participating in the 6.2% Social Security payroll tax deferment as announced in the Presidential Memorandum issued on August 8, 2020, allowing employers the option to defer withholding and payment of the employee's portion of the Social Security tax from 9/1/20 – 12/31/20?

Answer: No, UNM will not be participating in the optional tax deferral program.  Note that this program does not forgive or reduce the taxes owed by employees, it is only a deferment. 

This program as designed appears to create undue financial risk and administrative burden for both UNM and its eligible employees.  If UNM were to participate, eligible employees would see a temporary increase in their take-home pay through December 2020. However, starting January 2021, the same employees would immediately have far less take-home pay than in a normal month.  UNM would be obligated to withhold twice the normal amount of payroll tax from wages paid January 1, 2021 – April 30, 2021, in order to cover the uncollected employee portion of Social Security taxes from the deferral period of September 1, 2020 – December 31, 2020.  Therefore, January – April 2021 employee Social Security withholding would be at 12.4% instead of the normal 6.2%.

August 2020

Taxable Benefits
The following items will be included as a taxable benefit for eligible participating staff/faculty on the following pay dates. Applicable taxes will be withheld for:

  • Summer 2020 Tuition Remission
  • Bi-weekly pay: 8/7/20 & Monthly pay: 8/31/20.
  • Personal Enrichment Tuition Remission: Bi-weekly pay: 8/21/20 & Monthly pay: 8/31/20.


March - June 2020

The following items will be included as a taxable benefit for eligible participating staff/faculty on the following pay dates. Applicable taxes will be withheld for:

  • Dependent Education: Bi-weekly pay: 3/20/20, 4/3/20, 4/17/20, 5/1/15, & 5/15/20. Monthly pay: 3/31/20, 4/30/20 & 5/29/20.

  • Personal Enrichment : Bi-weekly pay: 3/20/20, 5/29/20 & Monthly pay: 3/31/20, 5/29/20 and 6/30/20

  • Spring Tuition Remission: Bi-weekly pay: 3/6/20 & Monthly pay: 3/31/20


February 2020

Pre-tax employee payroll parking deduction effective February 2020.


January 2020

2019 Form W-2
Electronic W-2s are posted in LoboWeb for active UNM employees and Retirees who consented to receiving their 2019 W-2s electronically.  Employees who did not consent will receive their W-2 paper forms via U.S. Postal Service no later than 1/31/20.  If you have not received your 2019 W-2 by February 14th, please contact the Payroll Office.

You can use the 2019 W-2 calculation worksheet located within "Employee Toolbox" on the payroll website to better understand the calculations used for your 2019 Form W-2. Please refer to your final paystub in 2019 when using this worksheet.

2020 Form W-4
Do you have questions about the new 2020 Form W-4 for your withholdings?  Please visit the IRS website.


December 2019

Taxable Benefits
The following items will be included as a taxable benefit for eligible participating staff/faculty on the following pay dates. Applicable taxes will be withheld for Fall Personal Enrichment Tuition RemissionBi-weekly pay: 12/27/19 & Monthly pay: 12/20/19.

Electronic W-2/1095-C
As an active UNM employee and Retiree, you may now opt in to receive your W-2 and 1095-C forms electronically through LoboWeb.  Login to LoboWeb to consent to the electronic distribution of these forms for 2019 and watch Lucy's video. This initiative, announced by our Human Resources Department seeks to improve your online experience with easy and earlier access, further protect your personal data, and achieve more efficiency by reducing paper and mailing costs  E-Consent must be done by 1/15/20.

The new Monthly/Biweekly Payroll Adjustment/Leave Form is now available.

 2020 Payroll Timekeeper and Approver Schedule is now available


October and November 2019

Taxable Benefits
The following items will be included as a taxable benefit for eligible participating staff/faculty on the following pay dates. Applicable taxes will be withheld for:

*Summer & Fall personal enrichment tuition, Dependent Ed tuition remission, and taxable tuition exceeding $5250: Bi-weekly pay: 11/1, 11/15, 11/29, and 12/13 & Monthly pay: 10/31 and 11/27
*Fall tuition remission: Bi-weekly pay: 10/18/19 & Monthly pay: 10/31/19.
*Football ticketsBi-weekly pay: 11/01/19 & Monthly pay: 10/31/19


August and September 2019

Spring Dependent Education will be included as a taxable benefit for eligible participating staff/faculty on bi-weekly pay dates of 8/9/19, 8/23/19, 9/6/19, and 9/20/19.  Monthly will be processed on pay dates of 8/30/19 and 9/30/19.  Applicable taxes will be withheld.

Popejoy Tickets will be included as a taxable benefit for eligible participating staff/faculty on bi-weekly pay date of 10/4/19 and monthly pay date of 9/30/19.  Applicable taxes will be withheld.  


March 2019

Spring tuition remission will be included as a taxable benefit for eligible participating staff/faculty on bi-weekly pay date of 3/22/19 and monthly pay date of 3/29/19. Applicable taxes will be withheld.


January 2019

2018 W-2
Your 2018 Form W-2 has been mailed to your current address on file. If you have not received your 2018 W-2 by February 12th, please contact the Payroll Office.

You can use the 2018 W-2 calculation worksheet located within "Employee Toolbox" on the payroll website to better understand the calculations used for your 2018 Form W-2. Please refer to your final paystub in 2018 when using this worksheet.

You can access your 2018 Form W-2 in Loboweb. This copy is for informational purposes only and cannot be filed with your tax return because your social security number is only partially displayed.

Re-evaluate your W-4 Withholdings
Have your number of dependents changed? The IRS recommends you re-evaluate this every year.  To make changes to your 2019 W-4, please visit: my.unm.edu > Employee Life > Tax Forms > Federal Tax Exemptions or Allowances (W4).

Earned Income Tax Credit
Are you eligible for the Earned Income Tax Credit?   Please visit www.irs.gov/eitc to find out.