Federal Tax Withholding Troubleshooting
The W4 form is a crucial part of payroll, as it is how your employees communicate how much should be withheld from their payments for Federal Tax Withholding. Filling out a W4 form incorrectly can result in substantial tax obligations when an employee files their annual return, so we’re here to help keep you and your employees compliant!
Employers are generally advised to give limited advice on how an Employee’s W4 form should be completed, as it is a personal tax document unique to the employee's financial situation. BerniePortal’s HR Blog has an excellent resource,
How to Fill Out Form W-4 in 2024, for Employees who are looking for guidance while completing their W4.
Third-party Tax Calculators can also be a great resource for Employees looking to better understand how their W4 will affect their Federal tax withholdings. We have some directions below, but THIS video will help you walk through how to utilize it.
- IRS provides a Tax Withholding Estimator, which can be used to estimate your federal tax withholding based on your W4 and personal finances
- In order to best utilize this tool, employees will need their paystubs, information about other sources of income, and their most recent tax return handy
- PayCity provides a Tax Withholding Calculator that Employees can utilize to calculate their Take-Home Pay based on how their W4 has been completed
- In order to best utilize this tool, employees will need a copy of their completed W4 and a recent check stub.
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