5 ms·
If you're a W2 employee, they already have that information. It's on the W4 form that you fill out when you start a job, so that they can deduct the right amou
by dripton 14y ago
If you're a W2 employee, they already have that information. It's on the W4 form that you fill out when you start a job, so that they can deduct the right amount from each paycheck.
- zeroonetwothree 14y agoActually the data you put on the W4 doesn't have to have anything to do with your actual status. Moreover, your status may have changed since you last updated your W4.
- smackfu 14y agoYeah, those people who put down 9 exemptions on their W4 would not be pleased.
- ars 14y agoJust in case you are being sarcastic, it is completely legitimate to put down a large number of exemptions if you know your tax liability will be very low for other reasons, and you want your employer to withhold less money. In fact you should tune the process - if last year you had a large refund, then this year add more exemptions till your refund is as small as you can make it. (Technically you can go over if you want, and be required to pay, most most people don't like that.) The easiest way to calculate it is do last years return with varying numbers of exemptions and compare the tax liability number (not the final number which includes payments). Use the real return as a baseline, then keep adding exemptions till the increase in the liability matches your refund, then use that number on the W-9. Perhaps that number minus one.
- ams6110 14y agoThe W4 doesn't go to the IRS. It goes to your employer's payroll department.