We are pleased to share an update regarding the taxation of gifts cards, raffle prizes and recognition awards under our recognition programs and activities. In response to recent changes in our recognition practices, the College will now be covering the related tax withholdings via a gross-up process. This allows us to comply with tax laws while allowing recipients of such awards to receive the face value of the award.
Recipients will notice a separate amount on their pay advice to account for the taxes paid on the employee’s behalf by the College. This will also be included in the W-2 forms.
Supervisors/Department Chairs and anyone providing an employee with a recognition item or gift card, purchased with College funds, must inform recognition@amherst.edu for processing. Please do not hesitate to contact the OHR at hr@amherst.edu or x2372 with any questions you may have.