Form W-4 for downloading and printing.

How to use the W4 form - Some tips

You would fill out and complete the W4 form for your employer and your self so that your employer will know how much of a deduction to take for the federal income tax from your pay check.

Our friends in the Internal Revenue Service suggest that you fill out and submit a form every year and/or when your income situation changes.

The form tells you that if you are exempt you would fill it out as per the instructions for that purpose.
See Publication 505

When or if someone is claiming you or can claim you as a dependent on their tax return, then you can't claim exemption from withholding if your income is more than $950.00 and includes more than $300.00 in unearned income such as dividends or interest.

The Personal Allowances Worksheet is on the form for you to fill out if you are not exempt.

There is a consideration for certain tax credits, itemized deductions, adjustment to income or a two earner (multiple jobs) situation.

Although you must complete all of the worksheets that apply, you can still claim zero or fewer allowances.

There are instructions for children of the dependants and head of the households and how to file for that.
The form W4 instructions suggests that if you have a large amount of unearned income you might consider making estimated tax payments using the form 1040-es (Download the printable form here)

If you have more than one job or two spouses are earning it is suggested that it is better to take the deductions for children from the pay check with the higher income.

After your Form W-4 takes effect, see IRS Publication 919 (20 pages of PDF file) especially if your earnings exceed $130,000 single and $180,000 married.

To download a printable year 2014 I R S Form W-4
Click on the link that is just above this line.

Be sure, to carefully read the instructions as they are on the form. If you feel that you want to file a volunteer withholding request, file the Form W4V

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