Employee Non-Cash Awards and Other Gifts (G-41)

UCOP Business and Finance Bulletin

2018 Update

The Federal Tax Cuts and Jobs Act (P.L.115-97) signed into law on December 22, 2017 changed the taxability of some non-cash and other gifts and awards provided to employees. If the award or gift (or portion of the award or gift) is taxable, applicable income tax withholding and FICA taxes will be deducted from the employee's paycheck.  See Understanding the Taxability of Employee Non-Cash Awards and Other Gifts for information about the tax act changes and UCSF procedures for reporting taxable awards and gifts given to employees.