Here’s how to get started:
1. Log in to my.tcu.edu using your network access login and click “My Employee Center”
2. Navigate to the “Payroll” area and select the “W-4 Tax Information” link
3. Enter the requested information and click “Submit”
Managing Your Tax Withholding
The purpose of Tax Form W-4 is simple as it is used by TCU (your employer) to withhold the proper amount of federal income tax from your paycheck. The IRS recommends that employees submit a new W-4 tax form each year, or any time their personal or financial situation changes. You can control the amount that is withheld from each paycheck when you complete your W-4 form.
In general, the more money withheld from your wages throughout the year, the greater your tax refund may be because you’ve possibly overpaid the IRS. While everyone likes to get a tax refund, you should be aware of under withholding could result in penalties and fees.
On the other hand, if too little is withheld from your wages, you will likely owe more tax at the end of the year because you have underpaid the IRS. Additionally, you may be subject to penalties and interest charges for under-withholding.
For most taxpayers, it’s recommended that you try to match your withholding tax as close to your actual tax liability as possible. While you cannot avoid withholding tax altogether, you can control the amount that is withheld from each paycheck when you fill out your W-4 form.
More information available on the IRS web site: