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Completing IRS form W-4

Form W-4

IRS form W-4 is also known as the Employee’s Withholding Allowance Certificate. This is the form that you fill out and submit to your employer so your employer will know how much tax to withhold from your paycheck. Form W-4 consists of a worksheet and the actual form to be submitted to your employer.

The personal allowances worksheet is the portion that you keep for your records. It helps you did to determine how many allowances you can take. In box A you can claim yourself if no one else can claim you as a dependent therefore you would put a number “1” in box A.

Read through the instructions for boxes B through G to decide if there are additional deductions you can take. For example, you can enter “1” in Box B if you’re single and only have one job. Or, if you’re married and combination of your and your spouses wages are less than $1500, enter “1” in Box B.

After completing the worksheet on the first page, take the sum total listed in box “H” and use it when completing the second part of the Employee’s Withholding Allowance Certificate.

Completing Part 2 of Form W-4

Complete Boxes 1 through 4 by inserting your demographic information such as your name, Social Security number and home address. Make sure to indicate whether you’re married or single and if your last name differs than that last name appearing on your Social Security card.

Transfer the number that you calculated from the Personal Allowances Worksheet section of the form (Box H) and on line number 5.

If you wish to have additional taxes taken out of their paycheck each week indicate the additional amount on line numbers 6.

If you are exempt from federal tax withholding, write the word “Exempt” online number 7 and you’re almost done. The last things you need to do are sign and date the form. After signing and dating it, hand your W-4 to your employer. Any other boxes to be completed will become completed by your employer.

Make sure to file the worksheet away so you can find it later if needed.

About the author: Felicia A. Williams is a former insurance broker who is now a freelance writer.

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