Since World War II, the federal government has required that employers withhold money from their employees’ paychecks throughout the year to pay federal income taxes. Employees determine the amount of ...
This includes a "personal allowances worksheet" for determining how much of your pay-period income to withhold from your wages as possible taxes. This includes seven "allowances" areas (listed A ...
The W4 form is short and might seem like it should be easy to fill out, yet it still confuses many people. A key confounding issue is how many allowances to claim on the W4. Let's take a look at the ...