W-2 Info

2012 W-2 Information

Your official 2012 W-2 will be mailed out on January 25, 2013 to your mailing address in Banner. However, you may view your W-2 in Banner Web for Employees beginning on Friday, January 18, 2013.

You can view your W-2 information on the MyWellesley Portal using the following instructions:
  1. Login to MyWellesley with your Domain Username and Password,
  2. Go to the Employment Services Tab
  3. In the center column, click on Banner Self-Service
  4. Click on Employee Services
  5. Click on Tax Forms
  6. Click on W-2 Year End Earnings Statement
  7. Select the tax year and click on display
  8. You should now be able to view your W-2
  9. To print your W-2, go to File, Print on your menu bar


Note that the above will provide you with information about your W-2. This is not the official version for tax filings.  If you have not received your W-2 in the mail by February 1, OR need an official version printed for tax filings, please submit a request to print your W-2 here or Email Payroll_Office@wellesley.edu with the following information:

  • Banner ID
  • Full Name
  • Current Address

Please note: W-2s will be printed and ready for pick-up by the Friday following the day of request.  They can be picked up at the Payroll Office (GRH 150), during office hours: 9:30-12:30 and 1:30-4:30.

If you have other questions, please call the Payroll Office at 781.283.2797, or email Payroll_Office@wellesley.edu.

 

Frequently asked questions on form W-2:


Q: What if my personal contact information has changed and needs to be updated?
Faculty and Staff: Corrections to addresses must go through the Human Resources Office (click here).
Students: Changes to addresses must go through the Registrar's Office (click here).
 
Q: Why is my taxable income different than the year-to-date income on my pay stub?
For most employees, your federal and state taxable income (Box 1 and 17) are determined by taking your gross income and subtracting your pre-tax deductions (health, dental, dependent care, medical, and SRA) and adding your imputed income i.e. life insurance coverage reported in Box 12C of your W2.
 
Q: Why are Medicare wages different than my federal taxable income?
SRA deductions are subject to Medicare taxes. Therefore, you need to add your SRA deduction back to your federal taxable income to arrive at Medicare wages.
 
Q: Why are Social security wages different than my Medicare wages?
The social security wage base for 2012 is $110,100. If your Medicare Wages are higher than $110,100 your social security wage will be limited to $110,100.
 
Q: What is the amount under Box 12a, Code C for?
The amount in Box 12, Code C represents imputed taxable income for the cost of group-term life insurance over $50,000. This amount is required by the IRS to be included in Box 1, 3, and 5 of your W2.
 
Q: What is the amount under Box 12, Code DD for?
The amount in Box 12, Code DD represents the cost of employer-sponsored health coverage. The amount reported with code DD is not taxable. Additional reporting guidance, including information about the transitional reporting rules that apply, is available on the Affordable Care Act Tax Provisions page of IRS.gov.
 
Q: What tax returns do I have to file and when are they due?
For helpful information on federal taxes, please use the following links:

 

 

Contact Us

Payroll Office
 

Mailing address:
Wellesley College
Payroll Office
106 Central St., GRH150
Wellesley, MA 02481-8203

 



Payroll Office Fax
781.283.3713

 

Information