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The W-4 tax form is given to new employees upon hire from employers. Through it, the employer learns information vital to tax paying for said employee - marital status, basic tax exemptions like if the person has gotten government aid in the past six months, and whether or not they can claim or be claimed as dependents.

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What is the difference between W-4 forms and W-2 forms?

Form W-2 is Wage and Tax Statement. Employers are required to file Form W-2 for each employee paid wages that had tax (income, social security, Medicare) withheld. Employees are required to attach Form W-2 to their tax return if their filing a paper return.Form W-4 is Employee's Withholding Allowance Certificate. Its purpose is to guide your employer to withhold the correct federal income tax from your earnings. The employer keeps Form W-4 for his records.


What is the number that you calculate on form w-4 that reduces the amount of tax withheld from your paycheck?

The number of exemptions would have to be increased for this purpose.


Where can I get a 2012 w 4 tax form?

You can get a 2012 w-4 tax form from the same place that you do your taxes or any other agency that deals with helping people and with doing their taxes.


What is the purpose of withholding declaration forms?

Form W-4 is Employee's Withholding Allowance Certificate. You fill out form W-4 for your employer to indicate your filing status and number of exemptions. Your employer figures the amount of taxes to be withheld (income, Medicare, Social Security) from your earnings based on your filing status and number of exemptions. The purpose of Form W-4 is to make your withholdings as accurate as possible. In this way, you won't have a large tax due balance on your tax return. For more information, go to www.irs.gov/formspubs for Publication 919 (How Do I Adjust My Tax Withholding?).


What is the purpose of a W-4 form?

The purpose of Form W-4, titled Employee's Withholding Allowance Certificate, is to help your employer withhold from your pay the correct federal income tax, based on Single or Married filing status and based on any dependents/allowance exemptions. If the correct amount is withheld, then you should either receive a refund or owe a reasonable, not a huge, amount when you file your tax return.

Related Questions

What is the difference between W-4 forms and W-2 forms?

Form W-2 is Wage and Tax Statement. Employers are required to file Form W-2 for each employee paid wages that had tax (income, social security, Medicare) withheld. Employees are required to attach Form W-2 to their tax return if their filing a paper return.Form W-4 is Employee's Withholding Allowance Certificate. Its purpose is to guide your employer to withhold the correct federal income tax from your earnings. The employer keeps Form W-4 for his records.


What is the number that you calculate on form w-4 that reduces the amount of tax withheld from your paycheck?

The number of exemptions would have to be increased for this purpose.


What is the purpose of form W-4?

The purpose of Form W-4, titled Employee's Withholding Allowance Certificate, is to help your employer withhold from your pay the correct federal income tax, based on Single or Married filing status and based on any dependents/allowance exemptions. If the correct amount is withheld, then you should either receive a refund or owe a reasonable, not a huge, amount when you file your tax return.


Where can I find a W-4 form on the internet?

The deadline for filing the W-4 tax form and nearly any other tax form is that of April 14th if you do not believe you can do this by then you can always file for an extension.


Where can I get a 2012 w 4 tax form?

You can get a 2012 w-4 tax form from the same place that you do your taxes or any other agency that deals with helping people and with doing their taxes.


Is a form w-4 for tax purposes?

The W-4 form is used to determine how much money should be taken out of your paycheck for tax purposes. You may get most or all of this money back when you file your tax returns.


What is the purpose of withholding declaration forms?

Form W-4 is Employee's Withholding Allowance Certificate. You fill out form W-4 for your employer to indicate your filing status and number of exemptions. Your employer figures the amount of taxes to be withheld (income, Medicare, Social Security) from your earnings based on your filing status and number of exemptions. The purpose of Form W-4 is to make your withholdings as accurate as possible. In this way, you won't have a large tax due balance on your tax return. For more information, go to www.irs.gov/formspubs for Publication 919 (How Do I Adjust My Tax Withholding?).


What is the purpose of providing a W-9 form and account number?

The purpose of providing a W-9 form and account number is to verify your identity and provide necessary information for tax reporting purposes.


What is the purpose of Form W-4 within the USA?

The Tax Form W4 is used by employers to see how much tax withholding they should do on an employees' wages. With over-withholding does not have any consequences, under-withholding can lead to penalties.


What is the purpose of a W-4 form?

The purpose of Form W-4, titled Employee's Withholding Allowance Certificate, is to help your employer withhold from your pay the correct federal income tax, based on Single or Married filing status and based on any dependents/allowance exemptions. If the correct amount is withheld, then you should either receive a refund or owe a reasonable, not a huge, amount when you file your tax return.


What is the purpose of a W 4 form?

The purpose of Form W-4, titled Employee's Withholding Allowance Certificate, is to help your employer withhold from your pay the correct federal income tax, based on Single or Married filing status and based on any dependents/allowance exemptions. If the correct amount is withheld, then you should either receive a refund or owe a reasonable, not a huge, amount when you file your tax return.


What tax form do you receive when you start a job?

When you start a job, you typically receive a tax form called a W-4 from your employer.