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Why do some employees fill out a W-4 and some don't?
New York State Tax allowances (IT-2104 2012 vs 2011)W-4 Worksheet for Spouses Filing Jointly: Who Files the W-4?W4 Two-Earners Worksheet Divide By Number of Pay Periods Remaining?On a W4-P form, can I specify a withholding amount greater than the payment (due to early annuity withdrawal)?Just got a side job - w4 allowances sectionHow to calculate Two-Earners Worksheet mid-year for W4What are tax allowances? How many should I claim?W-4 Changes: confused when filling out line 9 for additional withholdings2018 W4 - Married or Married, but withhold at higher single rate?What are the implications of employer increasing allowances on W-4?
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I recognize W-4s are for calculating how much an employer should withhold from an employee for tax purposes. More allowances, less withheld. Less allowances, more withheld. This is the gist of it?
At my company, some employees have filled out W-4s while others have not. I'm confused at what the benefit of this is for the employee vs. the employer?
I honestly didn't realize that some employees do not have to fill out W-4s when on-boarding a job.
united-states form-w-2 form-w-4
add a comment |
I recognize W-4s are for calculating how much an employer should withhold from an employee for tax purposes. More allowances, less withheld. Less allowances, more withheld. This is the gist of it?
At my company, some employees have filled out W-4s while others have not. I'm confused at what the benefit of this is for the employee vs. the employer?
I honestly didn't realize that some employees do not have to fill out W-4s when on-boarding a job.
united-states form-w-2 form-w-4
add a comment |
I recognize W-4s are for calculating how much an employer should withhold from an employee for tax purposes. More allowances, less withheld. Less allowances, more withheld. This is the gist of it?
At my company, some employees have filled out W-4s while others have not. I'm confused at what the benefit of this is for the employee vs. the employer?
I honestly didn't realize that some employees do not have to fill out W-4s when on-boarding a job.
united-states form-w-2 form-w-4
I recognize W-4s are for calculating how much an employer should withhold from an employee for tax purposes. More allowances, less withheld. Less allowances, more withheld. This is the gist of it?
At my company, some employees have filled out W-4s while others have not. I'm confused at what the benefit of this is for the employee vs. the employer?
I honestly didn't realize that some employees do not have to fill out W-4s when on-boarding a job.
united-states form-w-2 form-w-4
united-states form-w-2 form-w-4
edited 8 hours ago
CCC
asked 8 hours ago
CCCCCC
194113
194113
add a comment |
add a comment |
2 Answers
2
active
oldest
votes
This is functionally the same as submitting a W4 claiming 0. The employee is defaulted to the highest withholding for taxes. Some people like the quasi-forced-savings aspect of excess withholdings and the resulting refund check(s).
It doesn't make an ounce of difference to the employer.
2
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
1
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
add a comment |
There's two cases to consider where co-workers aren't really employees of the company:
Self-employed
These workers are independent contractors paid via a 1099. As self employed, they pay tax directly to the IRS and compute the appropriate allowances themselves.
Contract Employees
These employees are paid by a contractor or staffing service and would have submitted paperwork through their direct employer.
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
add a comment |
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2 Answers
2
active
oldest
votes
2 Answers
2
active
oldest
votes
active
oldest
votes
active
oldest
votes
This is functionally the same as submitting a W4 claiming 0. The employee is defaulted to the highest withholding for taxes. Some people like the quasi-forced-savings aspect of excess withholdings and the resulting refund check(s).
It doesn't make an ounce of difference to the employer.
2
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
1
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
add a comment |
This is functionally the same as submitting a W4 claiming 0. The employee is defaulted to the highest withholding for taxes. Some people like the quasi-forced-savings aspect of excess withholdings and the resulting refund check(s).
It doesn't make an ounce of difference to the employer.
2
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
1
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
add a comment |
This is functionally the same as submitting a W4 claiming 0. The employee is defaulted to the highest withholding for taxes. Some people like the quasi-forced-savings aspect of excess withholdings and the resulting refund check(s).
It doesn't make an ounce of difference to the employer.
This is functionally the same as submitting a W4 claiming 0. The employee is defaulted to the highest withholding for taxes. Some people like the quasi-forced-savings aspect of excess withholdings and the resulting refund check(s).
It doesn't make an ounce of difference to the employer.
answered 8 hours ago
quidquid
40.4k878131
40.4k878131
2
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
1
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
add a comment |
2
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
1
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
2
2
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Beat me to it! Here's a link where the IRS says that: irs.gov/publications/p15 "If a new employee doesn't give you a completed Form W-4, withhold income tax as if he or she is single, with zero withholding allowances." +1
– BrianH
8 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
Ah hm, so there's probably some salary threshold at the company for which they default an employee to claiming 0 / withholding highest amt. Like, we assume if you're making more than $X, you don't need to claim any allowances, unless you say otherwise (handing in a completed Form W-4). But if you make less than $X, we want you to calculate if you need to claim allowances. Right?
– CCC
7 hours ago
1
1
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
It has nothing to do with income it has to do with dependents and other tax considerations that an employer wouldn't know without being told by the employee.
– quid
7 hours ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
And note that if you're going to fill it out as single/0 why bother?
– Loren Pechtel
1 hour ago
add a comment |
There's two cases to consider where co-workers aren't really employees of the company:
Self-employed
These workers are independent contractors paid via a 1099. As self employed, they pay tax directly to the IRS and compute the appropriate allowances themselves.
Contract Employees
These employees are paid by a contractor or staffing service and would have submitted paperwork through their direct employer.
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
add a comment |
There's two cases to consider where co-workers aren't really employees of the company:
Self-employed
These workers are independent contractors paid via a 1099. As self employed, they pay tax directly to the IRS and compute the appropriate allowances themselves.
Contract Employees
These employees are paid by a contractor or staffing service and would have submitted paperwork through their direct employer.
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
add a comment |
There's two cases to consider where co-workers aren't really employees of the company:
Self-employed
These workers are independent contractors paid via a 1099. As self employed, they pay tax directly to the IRS and compute the appropriate allowances themselves.
Contract Employees
These employees are paid by a contractor or staffing service and would have submitted paperwork through their direct employer.
There's two cases to consider where co-workers aren't really employees of the company:
Self-employed
These workers are independent contractors paid via a 1099. As self employed, they pay tax directly to the IRS and compute the appropriate allowances themselves.
Contract Employees
These employees are paid by a contractor or staffing service and would have submitted paperwork through their direct employer.
edited 8 hours ago
answered 8 hours ago
user71659user71659
2,171812
2,171812
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
add a comment |
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
Another good point. Definitely a few employees who weren't asked to fill out W-4s at the company are either self-employed or contract.
– CCC
7 hours ago
add a comment |
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