Employees or employees’ spouses who are considering taking graduate courses under UP’s tuition remission benefit in the next calendar year should contact Eric Barger in the controller’s office (firstname.lastname@example.org) for a personal session to assist with tax planning. This will help employees avoid unpleasant paycheck surprises in the fall. Also, please note there will be a change in 2015 in how taxable remission will be allocated among pay periods for spring and summer terms. Taxable spring remission will be charged over four monthly pay periods (January-April) or six semi-monthly pay periods (February 5-April 20). Taxable summer remission will be charged over two monthly pay periods (July-August) or three semi-monthly pay periods (July 20-August 20). Fall remission will continue to be charged over four monthly pay periods (September-December) or six semi-monthly pay periods (October 5-December 20). This change will help spread the tax burden more evenly for those taking courses in multiple terms.
Please contact Barger at 7337 or email@example.com if you have any questions.