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The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck based on the employee's marital status, number of exemptions and dependents and other factors. A change in status can result in the employer withholding more or less tax. Form W-4 is the IRS report that employees fill out to calculate the amount of tax withholding that should be taken out of their paychecks each period. 11 Feb 2016 Form W-2 and Form W-4 sound pretty similar right? Let's face it, they're only two digits away from being the same word. If you're new to tax The W-4 is an IRS form you complete to let your employer know how much use the W-4 to declare yourself exempt from withholding, meaning your employer An employer is required by law to withhold taxes from an employee's pay based on information reflected in the employee's W-4 form. The employee uses a W-4 Definition of W-4 Form: A tax form prepared by an employee for an employer indicating the employee's exemptions and Social Security number, and enabling Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. Consider completing a new Form W-4 each year and when your personal or financial situation changes. Exemption from withholding. Form W-4 is an Internal Revenue Service (IRS) tax form completed by an employee to indicate his or her tax situation (exemptions, status, etc.) to the employer. 19 Apr 2017 Filling out Form W-4 is one of the first things you do when you start a new job. It tells your employer how many tax allowances you want to claim.
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