W-4 Form


DEFINITION of 'W-4 Form'

A form completed by an employee to indicate his or her tax situation (exemptions, status, etc.) to the employer. The W-4 form tells the employer the correct amount of tax to withhold from an employee's paycheck.


Remember that you can file a new W-4 anytime your situation changes. A change in status can result in more or less tax being withheld.

  1. W-2 Form

    The W-2 form reports an employee's annual wages and the amount ...
  2. Withholding Allowance

    An allowance an individual claims on a W-4 Form. A withholding ...
  3. Excess Employer Withholding

    When one or more employers withhold more than the aggregate maximum ...
  4. Garnishment

    A legal process whereby payments towards a debt owed by an individual ...
  5. Withholding Tax

    1. Income tax withheld from employees' wages and paid directly ...
  6. Taxes

    An involuntary fee levied on corporations or individuals that ...
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  1. If an employee is paid by commission, who is responsible for withholding taxes?

    It depends. An individual who receives commissions can be treated in the same manner as an individual who receives straight ... Read Full Answer >>
  2. Can LLCs have employees?

    A limited liability corporation (LLC) can have an unlimited number of employees. An employee is defined as any individual ... Read Full Answer >>
  3. Do flexible spending accounts (FSA) funds roll over?

    An individual can utilize an employer’s cafeteria plan of employee benefits to establish a flexible spending account (FSA). ... Read Full Answer >>
  4. Does the IRS charge interest on penalties?

    The Internal Revenue Service (IRS) charges interest on any overdue taxes owed, but it does not charge interest on penalties. ... Read Full Answer >>
  5. Are tax shelters legal in Canada?

    Most tax shelters are legal in Canada. However, there have been illegal tax shelter scams that the Canada Revenue Agency ... Read Full Answer >>
  6. Can the IRS garnish your tax refund?

    Federal law states that only state and federal agencies, such as the Internal Revenue Service (IRS), are allowed to garnish ... Read Full Answer >>

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