Questions tagged [form-w-4]

Form W-4 is an IRS tax input form completed by an employee in the United States to indicate his or her tax situation to the employer. The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck.

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3answers
203 views

Mistakenly filed as Exempt from income tax witholdings for entire year 2019

I am a basic 30 year old filing Single, W2, healthy working individual. No dependents, no additional schedules, capital gains or losses other than Student Loan interest expense. I started a new job ...
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27 views

2020 W4 Allowances? [duplicate]

What the heck is going on with the new 2020 w4? Allowances are gone and there's no clear relation on what to specify to get the same withholding amount you used to get when claiming an allowance ...
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2answers
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Claiming dependent - put 1 or 500 in step 3

In Federal tax form W4, I am trying to figure out what to put in the following section so that my w4 is correct. I changed my status from single to married since I got married recently at the ...
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1answer
2k views

What has happened to the W4 form for 2020 - paying a lot LESS federal taxes?

I made a mistake on my 2019 W4 form by claiming way too many dependents (10). I don't know how I ended up with this number but it was seriously wrong since I only have 3 dependents. At the time, ...
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1answer
62 views

Mistake on the W-4 Tax Witholding form affected one pay period. Are there IRS reporting requirements and consequences?

I joined a new company recently and made a mistake while filling out Form W-4 electronically. I chose 'Married Filing Jointly' from the 'Marital Status' dropdown when I should have selected 'Single/...
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42 views

Exemption from withholding on W-4 form for highschool student

My daughter (WA - USA, highschool student with green card) has 2 part-time jobs paying about $1500 each per year. I claim her as a dependent on my tax return. She has to fill out a W-4 form for her ...
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0answers
182 views

Is claiming $0 in withholding deductions on 2020 W-4 the same as claiming 0 allowances in the past?

The IRS form W-4 for 2020 has you compute any amount that should be deducted from your federal income tax withholdings and then report the amount in dollars. In the past I merely reported the number ...
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1answer
40 views

Does charity contributions come under itemized deductions of California state w4 form?

I am trying to understand why State of California has no line for charity contributions or I may be something. For example, in the Worksheet B of this form, line 1, it only talks about the itemized ...
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2answers
92 views

Adjusted Income vs Adjusted Gross Income

I am done with my federal tax W4 form but I am not 100% sure about one line 4 of the deductions and adjustments worksheet. Are Adjusted Income and Adjusted Gross Income the same? To me the Adjusted ...
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1answer
195 views

Salary increased 25% and tax withholdings increased 300%? Help with my W4

I've filled out the W4 five times now and keep getting a high number. At my old job, about $344 was withheld in my biweekly paychecks and my new job is withholding 4 times as much. My new salary: ...
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2answers
104 views

Married Mid-Year, Tax Liability Now Paid

I've paid my taxes as single all year, but now I'm married! With this new filing status, my tax liability has decreased, as my wife has both a lower income and a daughter. By my calculations, our tax ...
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1answer
160 views

W4 allowances when spouse is working as contractor on 1099?

I will be starting a new job in July and I will need to fill out a W4. My spouse earns higher than me and he is an independent contractor and is on 1099. I was unsure of how many allowances to claim?...
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1answer
121 views

Placing Tax withholding into a savings account instead of haivng it deducted from my paycheck [duplicate]

Typically one has a percentage (based on a W-4) of their pay withheld to cover one's taxes at the end of the year, it occurs to me that this is effectively like storing that money in an account with ...
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2answers
2k views

Why do some employees fill out a W-4 and some don't?

I recognize W-4s are for calculating how much an employer should withhold from an employee for tax purposes. More allowances, less withheld. Less allowances, more withheld. This is the gist of it? At ...
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1answer
70 views

What are the implications of employer increasing allowances on W-4?

When I started my job, I filled out a W-4 and claimed 3 allowances. While going over my pay check information, I noticed at about 1 year ago, they stopped taking out federal taxes each check. I went ...
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1answer
333 views

Got an internship offer while working a student job. How do I fill my w4 for the internship?

Long story short: I am a non immigrant with a permit to work in campus, already filled a w4 with the university and I earn less than 10k a year. I got an internship for 90 days and I got another w4 ...
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0answers
87 views

Married filing jointly, withholding number does not match actual tax savings

I am getting married this year (2019). My wife will not be working or bringing in any wage. Beginning in 2020, I plan to submit a new w-4 to specify a withholding amount, with the goal of having a ...
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1answer
193 views

Can I hire a CPA after already filing and paying my taxes if I want to see if there were any mistakes?

When I filed my taxes earlier this year, I was surprised to be owing the IRS over $10,000. But, I did exercise a bunch of ISOs without holding them, and apparently my request to change my ...
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2answers
3k views

Can I calculate next year's exemptions based on this year's refund/amount owed?

Every W4 calculator I've found makes you input a lot of data to figure out what next year's exemptions should be. Let's say I already take 10 exemptions and I owe, say, $5000 this year. Is there a ...
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2answers
84 views

Employee’s Withholding Allowance Married

I'm filed with payroll as married with three allowances (I have no kids). I make $80,000/yr, and file as "Married filing jointly". Wife doesn't work. What is the optimal Employee’s Withholding ...
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2answers
2k views

Allowances for New York State W4 form

Why is it that you can't allow yourself as an allowance in the NY state form? In my case, I put the number of allowances as 1 in the federal W4 form and 0 in the NY state W4 form. Is this normal? Or ...
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3answers
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Federal and State W4 forms

Is filing a state W4 form necessary if you already filed a federal W4 form? Do most employers require employees to manually fill out a state W4 form?
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How to avoid paying estimated taxes due to unpredictable investment income?

I've read that you'll owe a penalty if you don't pay enough in taxes during the year, and I'd like to avoid paying estimated taxes if possible since I have significant and hard-to-predict investment ...
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1answer
44 views

What information from my 2018 and 2017 tax returns should I reference to complete my 2019 form W-4?

The 2019 Form W-4 worksheet and the IRS withholding calculator are asking questions about deductions and adjustments. I do not know these numbers from memory and I think I can get them from prior ...
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2answers
57 views

Payroll contributions vs. Extra withholding: which one takes precedence?

Suppose I choose to make pre-tax payroll contributions to my 401(k) and/or HSA, of an amount that takes up most of my paycheck. I also selected on my W-4 form to make an extra tax withholding per ...
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1answer
14k views

2018 W4 - Married or Married, but withhold at higher single rate?

We were married earlier in the year and currently updating our 2018 W4's to reflect our new married status. The 2018 W4 is a bit confusing as based on how we have it currently setup, it looks like we ...
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1answer
758 views

On Form W-4, can you fill out line 6 instead of line 5?

I'm changing my benefits provider during the year and need to update my W-4 form and, for California, my DE 4. I'm changing my filing status from Single to Head of Household, so I've been having too ...
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1answer
38 views

I'm changing my tax status from Single to Head of Household during the year. How do I adjust my allowances?

I've been having taxes withheld so far as a Single, but I recently discovered that I'm qualified to file as Head of Household. Because I've been paying too much until now, I would like to reduce my ...
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1answer
181 views

How to Answer IRS Withholding Calculator Questions About 2018?

I've been encouraged by my employer to recalculate my W4 allowances in light of the tax law changes for 2018. When I use the IRS's calculator it needs me to give answers for things like, Enter your ...
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1answer
924 views

Accidentally selected tax exempt on W4

I started working in February 20, 2017 and had an online W4 to fill out and I accidentally selected tax exempt. I am in the 28% tax bracket and live in Washington state. Upon realizing my mistake I ...
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2answers
339 views

US Citizen living abroad: Can I put a foreign address on I-9/W-4 forms, for tax return purposes?

I am US Citizen, currently living abroad and work for a company in the USA. I was asked to fill out the I-9 and W-4 forms and was wondering what address to list. my us or foreign address. Specifically ...
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1answer
57 views

Confusion with Spouse Allowances on W-4

I'm trying to minimize my tax withholding, but at the same time not to claim more than a correct number of exemptions. I got stuck with my wife's situation. She's a full-time PhD student and ...
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2answers
89 views

Claiming '1' vs. Tax Refund Amounts

If I claim '1' on my W-4, that amount is equal to ~$4050.00, spread over the year, and I believe is counted toward taxable income, and is taxed on your paychecks. If I were to claim '0', is that same ...
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9answers
5k views

Does owing taxes or getting a tax refund imply my paycheck is off?

A thought crossed my mind recently and I was wondering if someone could explain if I'm missing something, and if so what. Simply put, as an individual filing taxes (single, no dependents), taking the ...
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3answers
19k views

Claiming different allowances on state and federal withholding?

I recently did my W4 and the number of allowances I had is 2, but on the state withholding form, since the options were kind of different, I had 0 allowances to claim. Do I have to stay consistent for ...
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2answers
7k views

Mistakenly claimed to be exempt from federal taxes: do I need to proactively pay back the taxes that did not get withheld?

When I enrolled with my new employer's HR system on Dec 1st, I mistakenly filed a W4 claiming to be exempt from federal taxes, which I'm not. As a result, my first (Dec 15th) paycheck was quite ...
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2answers
375 views

Need advice on filling out w-4 form. Is it always good to withhold my income from taxes?

From what I understand, the more allowances I claim on w-4 form will allow me to keep more portion of my paycheck from being taken as taxes. So initially I thought I should always try to claim more ...
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1answer
101 views

US Tax - Can I claim head of household if I have no dependents?

I am a Non-resident Alien paying all the expenses of my apartment. I am single and live alone. Can I claim Head of Household even if I have no dependents in USA? Is the definition stated for Head of ...
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3answers
1k views

Can you be penalized for setting an arbitrarily high number of allowances on your W-4?

I withheld too much in taxes this year. I will benefit a good amount from the Lifetime Learning Credit, which I hadn't heard about until today. Even if I don't pay a cent in taxes for the rest of the ...
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1answer
615 views

W-4 Changes: confused when filling out line 9 for additional withholdings

My wife and I got married late last year and we didn't change our W-4's to reflect that, only changed our marital status' through our companies. Both of our paychecks still state that we are single, ...
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1answer
6k views

Will I owe money if I claim two allowances on W-4?

Will I most likely owe money during tax season if I claim the first two allowances on the W-4 instead of just the first one? I was filling it out at a new job (14/hr) full-time (40/hrs per week) and ...
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1answer
83 views

Should I change my W-4 when I retire?

My wife and I will both be retired by the end of September. My employer is asking for an updated W-4. My current W-4 list zero deductions and an additional $700 withheld per pay period. Should I make ...
2
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1answer
372 views

W-4 withholding options limited according to ADP

My employer recently switched to ADP for payroll and I want to select 'Married, but withhold at the higher single rate' for my W-4. That option isn't available on their ADP portal. And according to ...
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1answer
148 views

Calculating W4 after Marriage

I recently got married and am updating my W4. I looked at my last pay stub to see what is currently being withheld in taxes and it's about $700 (local + state + federal). After I completed my W4 form, ...
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2answers
504 views

Pay estimated tax using W-4 withholding instead of quarterly payments

I currently have a regular job at my university that provides about 2/3 of my annual income. I also do contract work on the side, and have some minor investment dividends and interest payments as ...
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3answers
210 views

Reasonable federal and state deductions for a single income household

My spouse stopped working due to illness and we're adjusting the deductions I'm currently claiming. This is a part of taxes that I've never understood well, other than the basic, more deductions = ...
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2answers
99 views

W-4 Form and Deductions

I'm a student right now, living with my parents, and I'm about to take a position in Alaska for the next 6 months. It will be paying $160 a week, with housing covered as part of the position. I am 18 ...
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1answer
2k views

How to calculate Two-Earners Worksheet mid-year for W4

I've searched the internet for hours unable to find an answer to this question. My husband and I are adjusting our W4s now, several months into the year, to reflect that we got married. Because of ...
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1answer
118 views

What is the best way to get back overpaid taxes generated after baby was born in the middle of the year?

I receive pay stubs from my employer semi-monthly. Taxes are paid automatically based on W-4 form. I pay taxes jointly with my non-working wife, so I set 3 as number of allowances on W-4 form. In ...
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2answers
795 views

W-4 and VA-4 HELP for 2 jobs

I have a full time/9 to 5 job that pays $59,000 annually. I filled out the total number of allowances as 1 on the W-4 for this job. I was recently hired for a part-time position that pays hourly. For ...