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What is the point of a w-4 form?

Updated: 12/21/2022
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12y ago

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Tax purposes. It's to see how much you are to withhold from government taxes for purposes like family. If you claim 0 you are not claiming anyone, even yourself and more than likely will end up with more money on your tax return though each pay period you will be taxed more. If you claim 1+ you will be taxed less during each pay period but may receive less on your tax return and even owe the government.

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Q: What is the point of a w-4 form?
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What form do employers use to determine how much tax to withhold?

IRS Form W4.


Where can one pick up a 2012 w4 form?

A person can pick up a 2012 w4 form at a couple of different location depending on where the person lives, such as the local library or the city hall as well.


Where can one learn to correctly learn how to fill out a W-4 form?

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http://taxes.about.com/od/preparingyourtaxes/ht/W4.htm


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How do I pay someone to do housework for me legally?

You will need to submit a I-9, a state and local W4, and a Federal W4.


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It depends on your total earnings during any pay period. It also depends on the number of exemptions you claimed on your W4 form each year. Your employer should have had you fill out the form when you first became an employee and should be asking you to fill out a W4 form each year of your employment. The more deductions and /or dependents you claim will affect your withholding tax.


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