As TCU moves forward to a
GREEN campus, all TCU employees must do Direct Deposit. It is the safest, timely way to receive your money on payday.
With Direct Deposit, you can enjoy having your money in your account the morning of payday. No more special trips to the bank. No more waiting in lines on payday. No more looking for a place to cash your check. No more check cashing fees. No more waiting for the mailman to deliver your check. No more stolen or lost paychecks. Free up your time with Direct Deposit! After all, a little free time can make a “BIG” difference to you and your community.
How to Enroll
To enroll in direct deposit, go to my.tcu.edu, Employee Self Service. Navigate to the payroll link and click direct deposit link. After entering your information be sure to click the save button.
Due to timing of you entering your information and payroll processing, it may take two paychecks for the direct deposit process to happen and the funds to be in your account. It is advised to verify the funds are in your account before you start using the funds to pay bills. Paychecks will be issued during those two pay periods. Verify if you have received a paycheck or if your check was direct deposited at my.tcu.edu, Employee Self Service, HR Self-Service Home, Payroll Information, View Paycheck. At the bottom of the online paycheck is Net Pay Distribution. It will note whether you were issued a check or if it was direct deposited. Paychecks will be available on pay day after 1:00 pm at Human Resources (3100 West Berry Street - Next to Boston Market).
NOTE: By enrolling into direct deposit, you are authorizing TCU to deposit your pay directly into your Checking/Savings account(s) and the depository named to credit your account. By electronically enrolling for TCU Direct Deposit, you have authorized TCU to initiate the necessary debit entries and adjustments if funds to which you are not entitled are deposited your account.
Looking for a bank to comply, which is close to TCU campus?
Tell the bank you are an employee of TCU and they will have incentives for you!
And many more….
2009 Tax Information
Social Security Wage Base for 2009
$106,800
Maximum social security tax for 2009
$6,621.60
Medicare tax for 2009
1.45% of all wages
FICA tax rate, which is the combined social security tax rate of 6.2% and the Medicare tax rate of 1.45%, remains at 7.65% in 2009. There is no limit to the wages subject to Medicare tax; therefore, all wages are subject to the 1.45% tax.
During the fall and spring semesters, student employees who work on campus are exempt from FICA taxes on wages earned. However, during the summer term, student employees maybe subject to FICA taxes - depending on a student's enrollment status during the summer. Summer Student Employee FICA Status Verification details how a student employee's FICA status is determined during the summer.
With the Making Work Pay Credit (part of The American Recovery and Reinvestment Act of 2009) the Internal Revenue Service has made available several tools to help employees navigate their 2009 federal income tax withholding levels. Employees can update their W-4 information online at Employee Self Service located at my.tcu.edu.
IRS Withholding Calculator
IRS Withholding Calculator Video
IRS Withholding Calculator Audio
IRS Making Work Pay Credit Q&A
TCU does not review nor approve the number of exemptions claimed on your W4. In some situations, the IRS may hold the employee liable for claimed exemptions. TCU does not offer any advice in the number of exemptions claimed by employees. Each employee must rely solely upon advice from personal tax advisors for assistance.
2009 Retirement Plan Contributions
Elective Deferrals - 403B ("SRA")
$16,500.00
Age 50 Catch Up Contributions
$5,500.00
Maximum Compensation Limit for Calculating Retirement Contributions
$245,000.00
See the Benefits Compliance Coordinator to make changes to your SRAs.
Student Employee Payroll Information
Payroll Auto Valuation
Payroll Auto Valuation Form
Payroll Mileage Log
Payroll Auto Valuation & Mileage Log Information
Payroll Contact Information
