You will receive Payroll specific tax forms (see W4 and M4) and a direct deposit form in your new hire package. Completed tax forms should be sent directly to the Payroll Office (Campus NE49-3131 and Lincoln A-281). These forms are effective when we receive them and cannot be processed retroactively so send them promptly to ensure proper withholding. The completed direct deposit form should be returned to the appropriate Payroll Office. If you are requesting a new account with the MIT Credit Union, send the completed form directly to them in NE48 so they can set up your account and forward the number to Payroll for processing.
Students should fill out the same forms noted in the first question for employees. Also, be sure to complete an I-9 form with Student Employment since they will not forward your paperwork to Payroll until they have a completed form on file.
Staff payday is the last business day of the month. If the last day of the month falls on a weekend or a holiday, the last business day is the day prior. Weekly payday is each Friday. If a holiday falls on a Friday, payday is the day prior.
Graduate students that are paid by month or by term can pick up checks from Student Financial Services in 11-120. Checks over 90 days old are no longer valid and will be returned to the Payroll Office. For all employees and weekly paid students, current and prior period checks are available at the Payroll Office in NE49-3131. You must have a photo ID with you to pick up a check.
A new form must be completed to change any tax or bank information. The forms can be printed from the SAPweb Money Matters tab.
Payroll tracks vacation for support staff, service staff, sponsored research staff and post doctoral associates. Call 617-253-3337 to be transferred to the appropriate staff member to assist you.
You should contact your Human Resource Officer for assistance in determining an appropriate pay category.
A stop payment needs to be placed on the lost check before we can issue a new one. Send a written request to Payroll and be sure to include your name, MIT ID number and the date of the check. Also include a phone number at which you can be contacted when the re-issued check is ready.
Return the check to the appropriate Payroll Office either by mail or in person. If you mail the check, be sure to include a letter explaining why you have mailed it to us and how you would like to get the replacement check (pick up or by mail).
Many international students and visitors are eligible for coverage by a tax treaty. Application of tax treaty coverage is NOT automatic. You must complete the appropriate forms which can be picked up from the Payroll Office, NE49-3131. If you are unsure of your eligibility to be covered by a tax treaty, please email Payroll with your name, MIT ID or social security number and country of residence and we will let you know.
The most common reason for delays in processing tax treaty forms is a missing social security number or individual taxpayer ID number. If you did not have this number at the time you completed the form, it is being held for processing. If this is the case, please send a copy of your social security card to the Payroll Office or drop off a copy and indicate that you previously completed a tax treaty form. If this is not the case, send an email to Stephen Connelly and you will be contacted with the reason for the delay.
Only payments made through the regular weekly or monthly payroll processing can be forwarded electronically to your bank. If a payment is made to you at any other time, it must be a check.
MIT policy does not allow salary advances.
We do not take voluntary deductions from a paycheck for the purpose of paying bills.
Direct deposit is a safe and confidential way to have your salary payment electronically transferred into an account at the financial institution of your choice in the United States.
Print and fill out the Direct Deposit Form. Send the completed form along with a savings account deposit slip or voided check to the address indicated on the form.
Yes. All new employees must complete and submit the Direct Deposit Form when they complete all other initial employment forms (i.e., tax forms, benefits enrollment forms, etc.).
Note: For employees represented by a union contract, we are discussing this issue with union representatives.
Because direct deposit is required for all employees you will need to open a bank account to deposit your salary payment. The MIT Federal Credit Union is a convenient option for employees who do not currently have a bank account. The Credit Union offers no fee accounts to MIT employees and the new MIT Direct Deposit Form includes an application for a Credit Union account.
You will continue to receive a complete earnings statement each payday, which will indicate the amount transferred to your designated bank account as well as how much was deducted for taxes, insurance and other items. Your salary payment will already have been deposited in your account. The amount of the deposit will also appear on your bank statement.
Your salary payment will be accessible earlier because you don’t have to wait for your paycheck to clear. Typically, your financial institution will credit your account on payday. In addition, most banking institutions will give you access to your salary payment through the use of your ATM card on the morning of payday.
Fill out a new Direct Deposit Form and send it to the Payroll Office, NE49-3131 (campus employees) or LFO Payroll Office, A-281 (Lincoln Laboratory employees).
If you have a checking account look at the bottom left corner of your checks. Usually, the first nine digits are the RTN. Contact your financial institution if you wish to direct deposit into your savings account or if you are unsure of the correct RTN.
Contact your financial institution if you are unsure of your correct Routing Transit Number or Account Number. Direct other questions to the campus Payroll Office, 617-253-3337 (campus employees), or the LFO Payroll Office, 781-981-2343 (Lincoln Laboratory employees).