W-4 Form, Employee’s Withholding Allowance Certificate

The W-4 Form, Employee’s Withholding Allowance Certificate, is a form used by employers to determine how much federal income tax to withhold from an employee’s paycheck. The form is completed by the employee and submitted to the employer. The form is used to calculate the amount of federal income tax to be withheld from the employee’s wages. The form also allows the employee to claim allowances, which reduce the amount of tax withheld from their wages.

History of the W-4 Form

The W-4 Form was first introduced in 1943 as part of the Revenue Act of 1942. The form was designed to help employers determine the amount of federal income tax to withhold from an employee’s wages. The form has been revised several times over the years, most recently in 2020. The 2020 version of the form includes changes to the allowances and deductions that can be claimed.

Comparison Table

Summary

The W-4 Form, Employee’s Withholding Allowance Certificate, is a form used by employers to determine how much federal income tax to withhold from an employee’s paycheck. The form has been revised several times over the years, most recently in 2020. The 2020 version of the form includes changes to the allowances and deductions that can be claimed. For more information about the W-4 Form, visit the Internal Revenue Service website.

See Also

• W-2 Form
• Federal Income Tax
• Employer Withholding
• Tax Withholding
• Tax Exemptions
• Tax Credits
• Tax Deductions
• Taxable Income
• Tax Rate
• Tax Brackets

Do you like the post? Share it now: