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Form W-4, 2012. Form W-4 (officially, the "Employee's Withholding Allowance Certificate") [1] is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold ...
Use this guide when filling out a W-4. ... Whether you are claiming exemption from withholding. ... multiply the number of children under age 17 by $2,000 and put the amount on the line. For all ...
A W-4 is the IRS tax form you fill out upon employment, so your employer will withhold your desired amount of federal income tax from your paycheck. A W-2 is the IRS tax form you receive from your ...
[8] Most states will accept the W4 form, but a few have a similar form, especially if the employee is filing different information at the state level than at the federal (an employee may be paying a different amount in withholding or claiming a different number of exemptions at the state level than the federal level). The form provides the ...
When filling out a Form W-4 an employee calculates the number of Form W-4 allowances to claim based on his or her expected tax filing situation for the year. The amount of money withheld as federal income tax is reduced for each Form W-4 allowance taken. No interest is paid on over-withholding, but penalties might be imposed for under-withholding.
Starting in January 2020, there’s a new design for Form W-4.The IRS explained that the redesign will reduce confusion for filers and enhance the transparency of the tax withholding system.
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