Due to tax liability implications of the Tax Cuts and Job Act passed by the Federal Government effective January 1, 2018, the UW System will need to change your pre-tax payroll deductions for parking, vanpool, and bus passes. Starting with payrolls dated on or after June 1, 2018, these fees will be deducted on a post-tax basis for all UW System employees.
- If you are paid monthly, you will see the post-tax deductions made on your June 1 paycheck (for the pay period of May 1–May 31).
- If you are paid biweekly, you will see the post-tax deductions on your June 7 paycheck (for the pay period of May 13–May 26).
Because of the federal tax law changes, UW employees will not be able to create Parking and Transit Accounts, as administered by TASC. If you have an existing Parking and Transit Account, funds cannot be added for payrolls dated on or after June 1, 2018. Any funds withheld prior to June 1 are still available to be used for parking and transit purposes until exhausted or you become ineligible for the plan(s).
The changes to the Parking & Transit Accounts administered by TASC do not affect any other plans administered by TASC (i.e., Flexible Spending Accounts and Health Savings Accounts).