W-4 Form

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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.

INVESTOPEDIA EXPLAINS 'W-4 Form'

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.

RELATED TERMS
  1. Withholding Allowance

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

    When one or more employers withhold more than the aggregate maximum ...
  3. W-2 Form

    The form that an employer must send to an employee and the IRS ...
  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. Back Pay

    The amount of salary and other benefits that an employee claims ...
RELATED FAQS
  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 ...
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