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To help you determine what to claim on a W-4 and the amount to withhold from ... multiply the number of children under age 17 by $2,000 and put the amount on the line. For all other dependents ...
If you cannot claim exemption from withholding, you can still reduce the amount withheld from every paycheck by entering the dollar amount of your deductions and claiming your dependents and ...
Form W-4, 2012. Form W-4 (officially, the "Employee's Withholding Allowance Certificate") [1] is an Internal Revenue Service (IRS) tax form completed by an employee in the United States to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold ...
When filling out a Form W-4 an employee calculates the number of Form W-4 allowances to claim based on his or her expected tax filing situation for the year. The amount of money withheld as federal income tax is reduced for each Form W-4 allowance taken. No interest is paid on over-withholding, but penalties might be imposed for under-withholding.
[8] Most states will accept the W4 form, but a few have a similar form, especially if the employee is filing different information at the state level than at the federal (an employee may be paying a different amount in withholding or claiming a different number of exemptions at the state level than the federal level). The form provides the ...
To help you determine what to claim on a W-4 and the amount to withhold from ... multiply the number of children under age 17 by $2,000 and put the amount on the line. For all other dependents ...
SmartAsset: 2021 W-4 Form (Step 3: Claim Dependents) Finally, Section 4 of the W-4 is a bit more indefinite. Here you'll be able to state other income and list your deductions, which can help ...
For dependents, the standard deduction is equal to earned income (that is, compensation for services, such as wages, salaries, or tips) plus a certain amount ($400 in 2023). A dependent's standard deduction cannot be more than the basic standard deduction for non-dependents, or less than a certain minimum ($1,250 in 2023).