Timeline for Should I File a W-4 Next Year If I File One In The Middle Of This Year?
Current License: CC BY-SA 3.0
5 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 7, 2013 at 0:12 | comment | added | butallmj | To round out @littleadv's answer, the following is a message from the IRS witholding calculator at the end of the process: "Caution! The recommended number of allowances will result in no income tax being withheld from your pay (because your year-to-date withholding is already sufficient to meet your anticipated tax). Therefore, you should analyze your withholding again at the beginning of 2014 (or any time there is a change to your tax situation). If you do not check your withholding at the beginning of next year, you will likely be underwithheld for 2014." | |
| Oct 1, 2013 at 18:06 | vote | accept | butallmj | ||
| Oct 1, 2013 at 2:54 | comment | added | dcaswell |
The relevant part of the instruction is: Divide line 5 by the number of paydays (or other withholding events) remaining in 2013 and enter the result. This is the additional amount you should have withheld from each remaining payment. Enter this amount on Form W-4, line 6 Typically this is a positive number representing the "marriage penalty".
|
|
| Oct 1, 2013 at 1:04 | comment | added | butallmj | "why give interest free loans to the government?" Ditto that, I want to avoid that for sure. | |
| Oct 1, 2013 at 1:01 | history | answered | littleadv | CC BY-SA 3.0 |