Mission
The University of Minnesota Tax Management Office is a consulting group that supports University departments with their business tax needs. Our mission includes:
- Managing tax compliance for the University
- Responding to University community tax questions, conducting tax research as necessary, and advising regarding tax planning options and consequences
- Issuing Tax Management Office Guidelines (TMOGs) to assist departments in understanding and complying with tax laws
- Contributing to policy, procedure, and reporting system development to incorporate and automate tax requirements
- Serving as the University’s primary liaison with federal and state tax authorities
- Following federal and state tax legislative initiatives, identifying the impact of proposals on the University, and communicating tax law changes
- Outreach to the University community and other higher ed institutions locally, statewide, and nationally.
In accordance with IRS regulations, the University Tax Management Office does not provide personal tax advice. To determine any issues with your personal taxes, please contact a personal tax advisor or the IRS. You can also check out the "Students and Parents" information page on this site for some helpful resources.
2026 IRS Thresholds
- Standard Mileage Rate
- As of July 1, 2026, $0.76 per mile
- January 1, 2026 - June 30, 2026, $0.725 per mile
- 1099 Reporting Threshold, $2,000
- Employer Provided Tuition Assistance Threshold, $5,250
- Social Security (FICA) Wage Base, $184,500
Personal Taxes
The University Tax Management Office does not provide individual tax advice and does not prepare any forms. Questions should be directed as follows:
- Form W-2 or Form 1042-S: Payroll Services
- Form 1099: Controller’s Office
- Form 1098-T: See frequently asked questions and One Stop contact information in the Form 1098-T section of our Students and Parents page
For any issues with your personal taxes, please contact a personal tax advisor or the IRS. The Tax Preparation section of our Students and Parents page has additional resources.