The W 4P form is a document used by employees to indicate their withholding entitlement on their federal income tax returns. The form consists of four parts, each designed to calculate different aspects of the employee's withholdings. Employees should use the W 4P form to ensure that they are not over or under withheld during the year. The form can be tricky to complete and requires careful consideration, but with a little guidance it can be a breeze. This post will provide an overview of the W 4P form and offer some tips for completing it correctly. Stay tuned for next week's post, which will cover how to actually file your taxes using information from the W 4P form!
Question | Answer |
---|---|
Form Name | Federal W 4P Form |
Form Length | 1 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 15 sec |
Other names | new jersey w4, njw4p form, nj fa form, nj w 4p |
StateofNewJersey•DepartmentoftheTreasury
DIVISION OF PENSIONS & BENEFITS — RETIRED PAYROLL
FEDERAL
(Please Print)
Name ______________________________________________________ Social Security No. xxx - xx - ____________
(Last 4 digits only)
Address _________________________________________________________________________________________
StreetCityStateZip
Retirement No._______________________________________
INSTRUCTIONS
• VerifythattheSocialSecuritynumberandmailinginformationaboveiscorrect.
• Pleaseaccuratelyandappropriatelycompletetheformbelow.
• Signanddatetheformonthelineprovidedatthebottom.
• Returntotheaddressindicatedabove.
1.WITHHOLDING CHOICE (Checkonly onebox.)
o Do not withhold federal income tax on payments from my retirement system.(Ifyoucheckthisbox, skip2through4belowandsignanddateonthebottomofthisform.)U.S.citizensresidingoutsidetheUnited StatescannotelecttobeexemptfromwithholdingonpaymentssentoutsidetheUnitedStates.Thiswould includepaymentsreceivedbyU.S.banksandtransferredoverseas.
o Withhold federal income tax on payments from my retirement system as calculated based on the mari- tal status and allowances indicated below.(Ifyoucheckthisbox,complete2through4belowandsignand dateonthebottomofthisform.)
2.MARITAL STATUS (Checkonly onebox.Evenifyouareawidoworwidower,youmustselecteither“single”or“married.”)
o Single o Married
3. TOTAL NUMBER OF ALLOWANCES |
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4.OPTIONAL (AdditionalDeductions)
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Ifyouwishtohaveadditionalincometaxwithheldfromeachpayment, |
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enteramounthere |
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Thisamountwillbein additiontothecalculatedtaxbasedonyourmaritalstatus |
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andthenumberofallowancesindicatedabove.Pleasenotethatalatmonthly |
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deductioncannotbeentered. |
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4.
YourSignature ____________________________________________________ |
Date ________________________ |