How to Complete a W4 Tax Form
Form W-4 notifies an employer of how much to withhold for taxes from an employee's paycheck each time the employer issues the employee a paycheck. The Internal Revenue Service recommends filling out a Form W-4 each year. If the taxpayer does not fill out Form W-4 each year, then he should try to fill out the form whenever his financial situation changes in any way.
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Instructions
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1
Complete the Personal Allowances Worksheet attached with Form W-4 on Page 1. Follow the instructions provided on the worksheet. You will need to fill out letters A through H on the worksheet. The results of this worksheet will vary on your filing status, job status and number of dependents.
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2
Enter your first name, middle initial last name and address on Form W-4 Line 1. Enter your Social Security Number on Line 2.
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3
Check if you are filing as single, married or married filing at a higher rate for Line 3.
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4
Enter the amount of allowances from the Personal Allowances Worksheet in Step 1 on Line 5.
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5
Enter any additional amounts you would like to be withheld from your pay.
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6
Enter "Exempt" in Line 7 if you are exempt from withholding. To be exempt, you must have no tax liability from the previous year and you must not expect to have tax liability this year.
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7
Sign and date Form W-4.
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Write your employer's name and address on Line 8 and the employer identification number on Line 10.
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References
- Photo Credit A young woman holding a pen, doing her taxes image by Christopher Meder from Fotolia.com
