Imputed income is a term the Internal Revenue Service (IRS) applies when they feel the value of a benefit or service should be considered income for the purposes of calculating your federal taxes. Only a few benefits may count as imputed income. For SDUSD employees this includes:
SDUSD takes payroll deductions on a tenthly basis. As a result, the tax required on a twelfthly basis is "caught up" on the October payroll each year. This taxable income is added to taxable gross for the months of July and August on the October payroll. In most cases, this amounts to a very small change in taxable gross (less than $25). If you have questions regarding the adjustment, please contact your payroll specialist. For information regarding IRS rules referenced here, visit the IRS web site or consult your tax professional.
NEWS Regarding CalSTRS Member Contributions:
CalSTRS Member Contribution Rate Increases on 07/01/14
Assembly Bill 1469 signed into law by the Governor as part of the 2014/2015 state budget increases STRS member contributions on compensation that is creditable to the Defined Benefit Program. This had previously been set at a rate of 8% of gross pay. Effective July 1, 2014 the STRS member contribution rate will increase to 8.15%. As a result, CalSTRS members (primarily certificated employees) will see an increase to the deduction taken for pension contributions effective on the July monthly payroll.
Read more here:
Timekeeper and Manager Tools
The mission of the Payroll Department is to provide accurate and timely compensation to employees in a manner that is cost efficient to the District. The Payroll Department takes pride in serving our customers with fairness, honesty and professionalism. Our goal is to develop a reputation of character and commitment to excellence. Payroll is a part of the Finance Division and is located in Room 1150 on the first floor of the Eugene Brucker Education Center.