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Form 1095-C for Allentown Pennsylvania: What You Should Know
Act of 2010, this report contains income information for your family. If you pay taxes to the IRS by payroll or individual income tax return, you may have to fill in these form as part of the paperwork that is to be submitted to the IRS. What is the Income Tax Status for Penn Employees? Under section 4980H, Penn employees are included in the employee section and are taxable employees under the law. They fall under the income tax laws and must file their federal tax return with this information from their employer. Do Penn Employees Pay Federal/State Income Tax? No. Pennsylvania is the only state with a flat tax; there is no other tax on Penn employees. For more information on the income tax of Penn employees, please visit: Penn Employee Income Tax Question Answer Income from employment is taxable for Penn employees. You must file federal, state and local income tax returns each year. How do I know if I am employed by the University? You are employed by the University if you: work at the University buildings, including the classrooms; answer phone calls and correspondence from staff members; or perform any duties on their behalf. If I work for the University, do I pay University income taxes? The University of Pennsylvania is exempt from federal and state federal income taxes but some of the University's employees may be subject to federal and state personal income taxes. Can I be exempt from paying federal income taxes? Federal tax exemption is only for non-profit organizations, including those under sections 501(c)(3), 501(c)(4), 501(c)(9), and 501(c)(11) of the Internal Revenue Code. For more information, contact the Paying Taxes section of the University of Pennsylvania Internal Revenue Service What income tax is assessed on the faculty and staff of Penn State? Pennsylvania State University is assessed a payroll income tax on the earnings of its faculty, staff, administrative and educational support personnel. This tax is calculated on the number of hours worked a year. How much income tax is assessed on Penn State employees? About 16% of payroll hours is assessed as an individual income tax, which means that each employee is assessed taxes based on the number of hours to which they work per year.
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