{"id":5275,"date":"2022-11-15T02:36:00","date_gmt":"2022-11-15T02:36:00","guid":{"rendered":"https:\/\/www.irstaxapp.com\/?p=5275"},"modified":"2022-11-15T12:35:23","modified_gmt":"2022-11-15T12:35:23","slug":"tax-form-w4","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/tax-form-w4\/","title":{"rendered":"Tax Form W4: All you Ever Wanted to Know!"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full is-resized\"><picture><source srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4.webp 1024w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-300x146.webp 300w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-768x375.webp 768w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-150x73.webp 150w,https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-750x366.webp 750w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" type=\"image\/webp\"><img src=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4.png\" height=\"548\" width=\"1122\" srcset=\"https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4.png 1024w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-300x146.png 300w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-768x375.png 768w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-150x73.png 150w, https:\/\/www.irstaxapp.com\/wp-content\/uploads\/2022\/11\/tax-form-W4-750x366.png 750w\" sizes=\"(max-width: 1122px) 100vw, 1122px\" class=\"wp-image-5944 sp-no-webp\" alt=\"tax form w4\" decoding=\"async\" loading=\"lazy\"  > <\/picture><\/figure>\n\n\n\n<p>The tax form <strong>W4<\/strong> is a very simple form used to withhold federal income tax from the salary or wages of an employee. Why tax withholding on salary? Because <a href=\"https:\/\/www.law.cornell.edu\/uscode\/text\/26\/3402\" target=\"_blank\" rel=\"noopener\">IRC section 3402<\/a> legally binds employers to withhold tax on payment of salary or wages and deposit the same to the government treasury. Therefore, as an employee, you must fill out this W 4 Form and submit them to your employer.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6629bba8b8cec\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6629bba8b8cec\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#What_is_tax_form_W4_all_about\" title=\"What is tax form W4 all about?\">What is tax form W4 all about?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#Where_to_get_tax_form_w4\" title=\"Where to get tax form w4?\">Where to get tax form w4?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#Video_How_to_fill_out_a_tax_form_W4\" title=\"Video: How to fill out a tax form W4?\">Video: How to fill out a tax form W4?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#Tax_form_W4_deductions_calculator\" title=\"Tax form W4 deductions calculator\">Tax form W4 deductions calculator<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#Should_you_use_the_IRS_tax_estimator_for_filling_out_tax_form_W4\" title=\"Should you use the IRS tax estimator for filling out tax form W4?\">Should you use the IRS tax estimator for filling out tax form W4?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#How_to_fill_out_the_tax_form_w4_form_with_two_jobs\" title=\"How to fill out the tax form w4 form with two jobs?\">How to fill out the tax form w4 form with two jobs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#Multiple_Jobs_Worksheet_for_tax_form_w4_-Video_Explanation\" title=\"Multiple Jobs Worksheet for tax form w4 -Video Explanation\">Multiple Jobs Worksheet for tax form w4 -Video Explanation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#When_to_fill_out_the_deductions_worksheet_of_tax_form_W4\" title=\"When to fill out the deductions worksheet of tax form W4?\">When to fill out the deductions worksheet of tax form W4?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#How_to_claim_W4_exemptions\" title=\"How to claim W4 exemptions?\">How to claim W4 exemptions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.irstaxapp.com\/tax-form-w4\/#W-4_vs_W-2_Whats_the_difference\" title=\"W-4&nbsp;vs W-2. What&#8217;s the difference?\">W-4&nbsp;vs W-2. What&#8217;s the difference?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_tax_form_W4_all_about\"><\/span>What is tax form W4 all about?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p style=\"font-size:16px\">The tax form W4 is simple and requires the following information; many are optional. The tax form W4 helps the employer to comply with the law for withholding federal tax on the payment of salary or wages. The W4 form requires very little personal information and concentrates on the most basic information about the income of the wage earners. This gives a clear picture as far as the amount of withholding on tax is required. The following information is sought in tax form W4<\/p>\n\n\n\n<ul><li>Name<em>&#8211; Required<\/em><\/li><li>Address<em>&#8211; Required<\/em><\/li><li>Social Security number<em>&#8211; Required<\/em><\/li><li>Marital status<em>&#8211; Required<\/em><\/li><li>Any additional amount you want to be withheld for each paycheck-optional<\/li><li>Whether you are claiming exemption from withholding-optional<\/li><li>No of dependents for tax deduction<\/li><li>Your employer\u2019s name and address-<em>&#8211; Required<\/em><\/li><li>Your first date of employment<em>&#8211; Required<\/em><\/li><li>Your employer identification number<em>&#8211; Required<\/em><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Where_to_get_tax_form_w4\"><\/span>Where to get tax form w4?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>IRS has put on its website the latest information related to Form W-4 and the fallible forms and instructions. Download the tax <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/fw4.pdf\" target=\"_blank\" rel=\"noopener\">form W4<\/a>  and read the <a href=\"https:\/\/www.irs.gov\/forms-pubs\/about-form-w-4\" target=\"_blank\" rel=\"noopener\">IRS instruction on W4<\/a> below the form.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Video_How_to_fill_out_a_tax_form_W4\"><\/span>Video: How to fill out a tax form W4?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Filling out the W4 form is quite easy as the form requires only basic information. Further IRS has also created an estimator web app to assist the employee in properly estimating income for tax withholding purposes. Watch an introduction on <strong><em>how to fill out w4 <\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"How to Fill W4 Form ?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/zBnBLdRWHr4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_form_W4_deductions_calculator\"><\/span>Tax form W4 deductions calculator<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<iframe loading=\"lazy\" width=\"100%\" height=\"900\" layout=\"responsive\"  src=\"https:\/\/gsheetpress.com\/calculator?id=1646124493149\"><\/iframe>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_you_use_the_IRS_tax_estimator_for_filling_out_tax_form_W4\"><\/span><strong>Should you <\/strong>use the IRS tax estimator for filling out tax form W4?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The purpose of the tax withholding estimator web app for the taxpayer is to help you with your proper <a href=\"https:\/\/www.irstaxapp.com\/online-tax-withholding-calculator-for-employers\/\">tax withholding calculation<\/a>. An adequate estimate of your current income and <em><a href=\"https:\/\/www.irstaxapp.com\/2021-estimated-tax-calculator-quarterly\/\">estimated tax<\/a><\/em> can help you decide if you need to change your withholding with your employer. You should try the IRS estimator at&nbsp;<em><a href=\"http:\/\/www.irs.gov\/W4App\" target=\"_blank\" rel=\"noopener\">www.irs.gov\/W4App&nbsp;<\/a><\/em>if you:<\/p>\n\n\n\n<ol><li>Expect to work only part of the year;<\/li><li>Have dividend or capital gain income or are subject to additional taxes, such as Additional Medicare Tax;<\/li><li>Have self-employment income (see below); or<\/li><li>Prefer the most accurate withholding for multiple job situations.<\/li><\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_fill_out_the_tax_form_w4_form_with_two_jobs\"><\/span>How to fill out the tax form w4 form with two jobs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Form W4 has a separate sheet called Multiple Jobs Worksheet in case you have more than one job at a time or are married, filing jointly, and have a working spouse. This is so because your multiple employers don\u2019t withhold taxes based on your total salary. The easiest thing to do is to withhold at a higher rate.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Multiple_Jobs_Worksheet_for_tax_form_w4_-Video_Explanation\"><\/span>Multiple Jobs Worksheet for tax form w4 -Video Explanation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"jeg_video_container jeg_video_content\"><iframe loading=\"lazy\" title=\"How to fill w4 multiple worksheet?\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/iCGNB7E-tH0?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_to_fill_out_the_deductions_worksheet_of_tax_form_W4\"><\/span>When to fill out the <em>deductions worksheet <\/em>of tax form W4?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You need to complete the <em>Deductions Worksheet <\/em>of tax form W4 <strong>only if<\/strong> you are not planning to claim a standard deduction. In other words, you may go for itemizing your&nbsp;deductions&nbsp;or claim certain credits on your income tax return. <\/p>\n\n\n\n<p>Fill Out the Deductions Worksheet&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_claim_W4_exemptions\"><\/span>How to claim W4 exemptions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>There is no threshold amount for withholding taxes<\/strong>&nbsp;from an employee&#8217;s wages. &#8230; However, there are some exceptions in which a person can claim exemption from tax withholding through the same Form 4. Here are two conditions that must be satisfied for claiming exemption from tax withholding on your salary or wages.<\/p>\n\n\n\n<ol><li>One year earlier, you had no federal income tax liability. So, you are claiming W4 exemption for 2022, you must not have any federal tax liability in 2021, <strong>and&nbsp;<\/strong><\/li><li>Even in the year of claiming exemption,  no federal income tax liability. (say  in 2022)<\/li><\/ol>\n\n\n\n<p>Basically, you should not have tax liability In the year of the claim as well as one year before for claiming exemption from tax withholding from salary.If you claim exemption, you will have no income tax withheld from your paycheck and may owe taxes and penalties when you file your 2022 tax return. <\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#d5feee\">To claim exemption from withholding, certify that you meet both of the conditions above by writing \u201cExempt\u201d on Form W-4 in the space below Step 4(c). Then, complete Steps 1(a), 1(b), and 5. Do not complete any other steps. You will need to submit a new Form W-4 by February 15, 2023.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"W-4_vs_W-2_Whats_the_difference\"><\/span>W-4&nbsp;vs W-2. What&#8217;s the difference?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Both form W4 and form W3, have different purposes. A&nbsp;W-4&nbsp;is the tax&nbsp;form&nbsp;you fill out and give to your employer so that the employer deducts the tax at source properly and the correct amount on the payments of salary. But W-2 is a form prepared by the employer if it withholds taxes on your salary or wages and is given to the employee generally near the beginning of the following year. This helps you in filing tax returns as W2 is the certificate of income paid in the form of salary or wages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tax form W4 is a very simple form used to withhold federal income tax from the salary or wages of an employee. Why tax withholding on salary? Because IRC section 3402 legally binds employers to withhold tax on payment of salary or wages and deposit the same to the government treasury. Therefore, as an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5287,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[54],"tags":[],"amp_enabled":false,"_links":{"self":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/5275"}],"collection":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/comments?post=5275"}],"version-history":[{"count":4,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/5275\/revisions"}],"predecessor-version":[{"id":5956,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/posts\/5275\/revisions\/5956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media\/5287"}],"wp:attachment":[{"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/media?parent=5275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/categories?post=5275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irstaxapp.com\/wp-json\/wp\/v2\/tags?post=5275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}