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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 ...
All people who are traditionally employed in full-time or part-time roles need to fill out a W-4. Independent contractors do not. The current form was released in 2020.
Estimated Federal Tax Refund Schedule Filing Method E-File, Direct Deposit Paper File, Direct Deposit E-File, Check in Mail Paper File, Check in Mail Time from the day you file until you receive ...
Here's everything you need to know about filing your 2023 tax return. Do I need to file my taxes and where’s my refund? What you need to know about 2023 taxes
Employers are entitled to rely on employee declarations on Form W-4 unless they know they are wrong. Social Security tax is withheld from wages [9] at a flat rate of 6.2% (4.2% for 2011 and 2012 [10]). Wages paid above a fixed amount each year by any one employee are not subject to Social Security tax. For 2023, this wage maximum is $160,200. [11]
When properly filled out, the Form W-4 will withhold approximately the correct amount of tax to eliminate a refund or amount owed, assuming the W-4 was filled out at the beginning of the tax year. [13] A U.S. federal law signed in 1996 contained a provision that required the federal government to make electronic payments by 1999.
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