W-4

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W-4

A form that employees fill out when starting a job in the United States. The form calculates the tax withholding from an employee's paychecks, depending on the number of persons in his/her household and the employee's expected filing status for that year. The W-4 form does not determine one's tax liability; one may receive a refund (or be required to pay extra) depending on his/her specific deductions, credits and income.
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Workers in higher tax brackets who receive large bonuses could see a higher tax bill next season if they don't tweak W-4s, since one of the ways employers can set the withholding rate on "supplemental income" such as bonuses in the new law is to use a flat rate of 22 percent.
CIC Plus also offers other employee self service solutions including online pay stubs, online W-2s, online W-4s and custom e-forms for their clients.
Little reminders - in the form of credit card and mortgage statements, W-4s and 1099s, and account profit and loss summaries arrive almost daily.
Compensation and benefits information, Such as W-4s and beneficiary forms
Another member company uses Ceridian Self-Service, and says that employees can access pay stubs over the Internet, as well as change their home address, update their federal W-4s and calculate "what-if" scenarios on payroll changes.
While the IRS no longer requires employers to submit W-4s that have more than 10 withholding exemptions, the California Employement Development Department requires that employers submit all DE4s claiming more than 10 exemptions.
Employees can view electronic copies of their pay stubs, W-2s, and W-4s online through private, secure portals--eliminating the need to print paper pay stubs.
The Internal Revenue Service (IRS) calls such claims questionable Form W-4s.
Additionally, you can add a "compliments of your firm" message to the top of W-4s, W-9s, and other government documents.
Although optical character reading (OCR) capabilities could be added to the system to read the incoming faxes, Gelle says that the wide variety of formats allowed and handwritten W-4s would be troublesome for OCR.
Further, they can onboard new employees online, collecting signatures on employee manuals, I-9s, W-4s and any other necessary forms and materials.
But these tax withholding decisions are based on tax forms Americans file with their employers, known as W-4s, that were written to apply to an outdated tax system.