As noted in the email you received, some Reliant employees had federal tax withholdings in the months of March-to-October 2023 that were less than previous months' withholdings and appear to be too low. Employees affected by this issue that also did not receive a sufficient bonus due to inadequate MTD fund balances may request a Tax Relief Salary Advance to help offset the impact of the payment of catch-up taxes being withheld.
If this Tax Relief Salary Advance Form is submitted by 5pm EST 11/16, it will be processed on 11/17 or submitted by the end of day 12/1 to be processed with the December payroll. Then, along with the advance, the same amount as the advance will also automatically be withdrawn in federal taxes to make up for previously missed withdrawal payments in the same year.
Employees are eligible for this tax relief advance if they have received an email from Reliant stating their eligibility as well as the maximum amount for the requested advance. The maximum is just an estimate of what would have been paid in federal taxes if Reliant had not transitioned to a new payroll system. Employees should analyze their own taxes and seek tax consultation if needed. Employees may choose to request a lower amount on the advance request form.
Employees must also submit a new W4 to ensure all future federal tax withdrawals are correct. (Here is the Link to the new Federal W4. Please read the green "tip" box explaining details on the new W4 before filling out the new form. In general, the new W4 is designed to withhold less.)
