Update W-4 Tax Withholdings
The purpose of Tax Form W-4 is simple ― it is used by 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. Of course, this is required upon being hired.
The 2020 W-4 form has released, a copy of the paper form has been included in the PDF below. In addition, we have provided instructions on how to change/update your W-4 allowances directly through the PeopleSoft Self-Service portal.
If you have additional questions regarding PeopleSoft Self-Service functions please visit the PeopleSoft Tips for OU Employees page (link below) or contact the Payroll department under Contact Us, by phone: (405) 325-2961, or email: firstname.lastname@example.org.
Do I Need to Fill Out a New W-4?
Here is a video tax tip from the IRS:
The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL.