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.

Filter by
Sorted by
Tagged with
32
votes
4answers
9k views

I claim one and my wife claimed zero on our W-4s, but we still owe…why?

I'm getting a head start on this year's income taxes for my wife and I. I have my W-2 already and I have her last paystub for the year. I claimed one exemption on my W-4, and according to her paystub,...
28
votes
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 ...
20
votes
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 ...
10
votes
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 ...
9
votes
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 ...
9
votes
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, ...
7
votes
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 ...
7
votes
1answer
688 views

Lower withholding based on my calculations. How to get employer to change withheld amount?

My employer will withhold taxes from my paycheck as if I have been working at a particular salary range all year. Basically: pay period = (base salary / 2080 hours) * 80, and taking all taxes as a ...
5
votes
1answer
437 views

How do I calculate my W-4 deductions when I want to keep $145 more of each paycheck?

I am having a hard time figuring out how to add $145 to each check using my W4 form. My refund is usually pretty decent and I could really use half of that amount during the year instead, about $3500. ...
5
votes
2answers
4k views

W4 withholding for “Married filing joint” filing seems higher? Why?

My husband took a new job recently and is making 125K in salary in California. I make 65K. When we were filling his W4 (married filing joint), the additional withholding on his W4 came to 'additional $...
5
votes
2answers
616 views

W-4: Is the “Estimate of State and Local Taxes” just for myself, or for me and my spouse?

I am married, filing jointly. I am about to re-file my W-4 because I have been overwithholding. I'm working on Field 1 of the "Deductions and Adjustments Worksheet". A big part of this field is ...
5
votes
1answer
929 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 ...
4
votes
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 ...
4
votes
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 ...
4
votes
2answers
577 views

Why is the 2013 Withholding Calculator giving me such incorrect recommendations?

I am trying to figure out what I should enter in my W4 and want to use the IRS Withholding Calculator as a guide. To that end, my information is as follows: We will file MFJ, with an income of $85k/...
4
votes
1answer
650 views

W-4 Allowances/Exemptions, how many am I entitled to?

I recently decided to correct my W-4 to minimize my tax refund. I reviewed my paycheck, publication 15, and state withholding instructions to understand the formula used to calculate the tax withheld. ...
4
votes
2answers
190 views

Need help filling out W-4 form

I need help filling out W-4 form so that I get more money from my paychecks and pay less tax. Recently my circumstances have changed, I am married and have 1 child (2 months old), only I work my wife ...
4
votes
2answers
459 views

Should I File a W-4 Next Year If I File One In The Middle Of This Year?

We recently became married and we will soon be filling out a W-4 and submitting it to our employers. The question on my mind as we're filling out the W-4 is, should we be submitting a new one on Jan ...
4
votes
1answer
78 views

Should I include pre-tax deductions when filling out my W-4?

I have pre-tax IRA and HSA deductions taken from my paycheck. When filling out line 4 of the Deductions and Adjustments Worksheet on form W-4 should I include these amounts, or are pre-tax deductions ...
4
votes
2answers
2k views

Completing W-4 for a new job starting mid-way through the year

I am starting a new position on June 29th of this year. I have not worked for the previous few years because I was a full-time grad student. I went through the IRS calculator for filling out the W-4 ...
3
votes
2answers
21k views

W4 --Additional amount withheld from my paycheck

I earn around 85k and my husband around 100k. Last year we paid around 5000$ in tax. Now my husband says to include 2500 as my additional withheld money from my each pay check. What does this mean? ...
3
votes
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 ...
3
votes
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 ...
3
votes
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 ...
3
votes
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 ...
3
votes
2answers
11k views

What to claim on w-4 for a second job?

I am a single mom with 2 kids and work #1 job that pays 23,000 per year and I have just picked up a #2 job that will pay 21,000 per year. I don't want to owe taxes at the end of the year. What should ...
3
votes
3answers
2k views

W-4 and withholding taxes for self-employed spouse

My wife and I live in the SF bay area. My gross income is $320,000 and my wife's is $38,000. My wife is employed as a contractor though and gets a 1099 instead of W-2. No taxes are withheld from her ...
3
votes
1answer
121 views

How can I calculate the number of deductions I should use?

Recently I've been trying to adjust my W-4 so that I overpay the government less (get a smaller tax return). How can I calculate the number of my deductions based on my income and family status, ...
3
votes
1answer
4k views

Can my teenage son claim “exempt” on his W4?

Can my teenage son (soon to turn 17) claim "exempt" on his W4? When looking at the FAQ from the IRS, it seems like the answer to this question is a fairly straightforward "yes" (he didn't work last ...
3
votes
1answer
2k views

W-4 Worksheet for Spouses Filing Jointly: Who Files the W-4?

I've tried finding an answer to this issue both here and elsewhere on the web and haven't been able to so far. My husband got a new job last month with a significant salary increase, and I've been ...
2
votes
2answers
15k views

Claiming Allowances on W4, based on my household

I just started a new job and I had to fill out the W4 form. I am confused about claiming number of allowances. Here is my household: Me Wife (Homemaker) Child 1 Child 2 I make around 110-115K a ...
2
votes
2answers
4k views

Filed as W2 employee but paid erroneously as 1099 employee for 2014

I completed a W4 form when I started my full-time job and received direct deposit payment for 6 months in 2014. Due to a payroll error, I was paid as a 1099 employee (no taxes withheld) even though HR'...
2
votes
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 ...
2
votes
3answers
3k views

How much to withhold from paycheck (form W-4, page 1, item 6) when you have variable income?

My wife got a job as an English teacher. She will be paid on an hourly basis depending on the number of students, classes, etc. When it was time to fill in her W-4 we weren't sure about what to write ...
2
votes
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 ...
2
votes
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 ...
2
votes
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 ...
2
votes
1answer
140 views

Make punctual contributions to IRS based on earnings

A few weeks ago I asked a question about paycheck withholdings because my wife started several part-time jobs with variable demand and therefore variable income. Considering we filled in 0 exemptions ...
2
votes
2answers
91 views

Starting new sales job in addition to food serving, need advice on exemptions for W4(s)?

I am currently a part time food server in California claiming "2" exemptions on my w4. I am about to start a part time sales position where I'll be earning hourly plus commission. I'll be earning more ...
2
votes
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 ...
2
votes
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 ...
2
votes
1answer
143 views

How do I determine if I will owe taxes at end of year? (USA)

Please help! I started work as a New Grad/Non-Exempt ~4 months ago in beginning of August in California. I fall into the 37-90k tax bracket giving me 25% rate. I claimed 2 on my W4 because I ...
2
votes
2answers
879 views

Max allowances on w4, and not pay income tax till end of year?

Is there a reason that I can't do the max number of allowances on my w4, and pay no income tax during the year? I would then put the amount that you are normally supposed to withhold every pay check ...
2
votes
1answer
126 views

Confused regarding allowances: No taxes being withheld at source

I claim Head of Household on my taxes. I have 4 children and my total allowances on my W4 add up to 14. I am confused because no taxes are being withheld from my pay. How will this affect me when I ...
2
votes
1answer
167 views

Determining resident status when filling W-4 form in

I just arrived to US because of a post-doc position in an IT company, under a J-1 visa (research scholar). I have been told by the company to fill W-4 form in. But, it seems that W-4 form must be ...
2
votes
2answers
885 views

Filling out our W4 correctly

So we recently got married and now I'm trying to figure out our W4. I make 77k a year and she's around 68k a year. Her stub shows Single-0 and mine is Married-1. I read through a bunch of articles and ...
2
votes
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/...
2
votes
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 ...
2
votes
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 = ...
2
votes
2answers
2k views

How do I fill my W4 allowances as a foreign student with two internships this year?

I'm a foreign student that will be in the US for two internships. I just started one in the summer and will be doing another one in the fall. I have to fill in my W4 and I'm still somewhat lost. I ...