Taxes & Withholdings
Federal Tax Withholding
Federal tax witholding rates are based on the information provided in the Form W-4. Each employee completes a Form W-4 during thier orientation and may submit an updated form to change the witholding at any time.
Massachusetts Tax Withholding
The Massachusetts Employee’s Withholding Exemption Certificate (Form M-4) information calculates the state tax witholding. Each employee completes a Form M-4 during thier orientation and may submit an updated form at any time. The M-4 allow s full time students to claim exemption from tax withholding if they earn less than $8,000 in the calendar year.
For employees in other states, please contact payroll.
Smith College is required by the IRS to provide all employees with a Form W-2 for each calendar year to be used in completing the employee’s annual tax return. The Form W-2 details the employee’s compensation and tax withholding amounts for the year.
Current employees may choose to receive their W-2 forms online through the BannerWeb system. In making this election W-2 forms are accessible at any time.
Sign Up/Revoke Electronic W-2 Consent
- Log in to BannerWeb via the Smith Portal
- Choose the Employee tab
- Select on Tax Information
- Select on Electronic W-2 Consent
- Select the My Choice box to consent or revoke to receive W-2 electronically and then Submit