W-4 Form

AAA

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. Withholding Tax

    1. Income tax withheld from employees' wages and paid directly ...
  3. Garnishment

    A legal process whereby payments towards a debt owed by an individual ...
  4. Excess Employer Withholding

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

    The form that an employer must send to an employee and the IRS ...
  6. Employer's Liability Insurance

    A product for employers that protects them from major financial ...
Related Articles
  1. How To Owe Nothing On Your Federal Tax ...
    Options & Futures

    How To Owe Nothing On Your Federal Tax ...

  2. Understanding The U.S. Tax Withholding ...
    Taxes

    Understanding The U.S. Tax Withholding ...

  3. If an employee is paid by commission, ...
    Investing

    If an employee is paid by commission, ...

  4. Federal Tax Brackets
    Taxes

    Federal Tax Brackets

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center