Welcome to Payroll

PLEASE NOTE THE FOLLOWING ANNOUNCEMENT due to the Coronavirus.  Please monitor our website for ongoing updates.

 

 

We love payday yes we do, we love payday as much as you!!

UNM Policy 2620 requires direct deposit or pay card. If you do not have Direct Deposit yet, please enroll using the secure Multi-Factor Authentication (MFA).

Your Direct Deposit will post to your account by 9:00 a.m. on payday. Please contact your financial institution if you have not received your deposit by 9:00 a.m. on payday. Your pay stub is available in LoboWeb.

Payroll Distribution Program

Nusenda If you need to sign up for the Payroll Distribution Program (Payroll Card) with Nusenda Credit Union, please visit any of their Branch locations. More information regarding the Payroll Distribution Program can be found on Nusenda Credit Union's website.

 

Year-End Planning

Form W-2 

UNM’s Payroll Department and the IRS do not initiate contact with our employees regarding Form W-2s or income taxes via emails.  Please do not click on any links in suspicious emails. Click here for FastInfo on how to forward spam mail as an attachment to spamdrop@unm.edu.

Other Tax Forms:

  • Form 1095C - Contact Human Resources
  • Form 1098T - Contact Bursars - Phone #: 277-5363
  • Form 1099-Misc - Contact l Accounts Payable - Phone #: 277-2014
  • Form 1099R - Contact your Retirement Provider

What's New?

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%.