Federal Tax

 

1. W4 Version – select either:

2020 (new version) this is the latest version and the version that we recommend.

OR

Pre-2020 (old Version)

2. Federal W/H Exempt – check off if the employee specified that they should not have any federal withholding tax deductions

3. Status – Select Single/Married/Head of Household

4. Allowances – Only applicable for old W4 version. Enter a numerical amount of allowances

5. Extra W/H – any federal withholding tax that should be deducted in addition to calculated taxes should be entered in here

6. Fixed W/H – enter in a fixed amount of federal withholding tax that should be deducted

7. Step 2 – Multiple Jobs/Spouse Works – Check off if applicable

8. Step 3 – Claim Dependents – Enter a dollar figure for dependents

(Multiply the number of dependents as follows For under 17 = $2,000 and for over 17 = $500.00)  

9. Step 4a and 4b – Other Adjustments – Enter applicable figure as per the W4

10. Select Save after making any changes

 

 

 

State Tax