3% ORS Refund

We are processing the ORS 3% refunds on Friday, February 23, 2018.  The funds will be electronically deposited into your bank using the payroll information we have on file.  If we have no bank information on file, your refund will be delayed until we have been able to communicate with you.

We previously did not tax these funds, so per IRS guidance the refund must be taxed.  For staff that have worked for GHAPS since January 1, 2017, this is considered supplemental pay, so will be federally taxed at a flat 22%.  FICA and state withholding taxes will also be deducted.

If you worked for the district prior to 2017, the federal taxes will be calculated at the aggregate method based on the W-4 we have on file.  FICA and state withholding taxes will also be deducted.

The refund will be reported on your 2018 year end W-2 form.

The interest portion you are receiving back from ORS is not taxable for this payout, but you are required to report interest earnings when you file your 2018 taxes.  It’s our plan to put the interest amount earned in box 14 of your 2018 W-2 form.

There were many experts at the table creating the process and guidance to assure we reported this accurately.  Thank you for your patience as we worked through the logistics of getting these funds back to individuals.  It was a complicated task, but we are excited we were able to return these funds to you in such a timely manner.  

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