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Form W-4 (2008)

Page 2

Deductions and Adjustments Worksheet

Enter an estimate of your 2008 itemized deductions. These include qualifying home mortgage interest, charitable contributions, state and local taxes, medical expenses in excess of 7.5% of your income, and miscellaneous deductions. (For 2008, you may have to reduce your itemized deductions if your income is over $159,950 ($79,975 if married filing separately). See Worksheet 2 in Pub. 919 for details.)

1

2 Enter: $

%

$10,900 if married filing jointly or qualifying widow(er) $ 8,000 if head of household $ 5,450 if single or married filing separately 3 Subtract line 2 from line 1. If zero or less, enter “-0-” 4 Enter an estimate of your 2008 adjustments to income, including alimony, deductible IRA contributions, and student loan interest 5 Add lines 3 and 4 and enter the total. (Include any amount for credits from Worksheet 8 in Pub. 919) 6 Enter an estimate of your 2008 nonwage income (such as dividends or interest) 7 Subtract line 6 from line 5. If zero or less, enter “-0-” 8 Divide the amount on line 7 by $3,500 and enter the result here. Drop any fraction 9 Enter the number from the Personal Allowances Worksheet, line H, page 1

2

3 4 5 6 7 8 9

10 Add lines 8 and 9 and enter the total here. If you plan to use the Two-Earners/Multiple Jobs Worksheet, also enter this total on line 1 below. Otherwise, stop here and enter this total on Form W-4, line 5, page 1

10

$ $ $ $ $

$

Note. Use this worksheet only if you plan to itemize deductions, claim certain credits, or claim adjustments to income on your 2008 tax return.

1

$

Two-Earners/Multiple Jobs Worksheet (See Two earners or multiple jobs on page 1.)

Note. Use this worksheet only if the instructions under line H on page 1 direct you here. 1 Enter the number from line H, page 1 (or from line 10 above if you used the Deductions and Adjustments Worksheet)

1

2 Find the number in Table 1 below that applies to the LOWEST paying job and enter it here. However, if you are married filing jointly and wages from the highest paying job are $50,000 or less, do not enter more than “3.”

2

3 If line 1 is more than or equal to line 2, subtract line 2 from line 1. Enter the result here (if zero, enter

“-0-”) and on Form W-4, line 5, page 1. Do not use the rest of this worksheet

3

Note. If line 1 is less than line 2, enter “-0-” on Form W-4, line 5, page 1. Complete lines 4–9 below to calculate the additional

withholding amount necessary to avoid a year-end tax bill.

4 5 6 7 8 9

Enter the number from line 2 of this worksheet Enter the number from line 1 of this worksheet Subtract line 5 from line 4 Find the amount in Table 2 below that applies to the HIGHEST paying job and enter it here Multiply line 7 by line 6 and enter the result here. This is the additional annual withholding needed Divide line 8 by the number of pay periods remaining in 2008. For example, divide by 26 if you are paid 4 5

every two weeks and you complete this form in December 2007. Enter the result here and on Form W-4, line 6, page 1. This is the additional amount to be withheld from each paycheck

6

$

7

8

$

9

$

Table 1

Table 2

Married Filing Jointly

All Others

Married Filing

Jointly

All Others

If wages from LOWEST

Enter on

paying job are—

line 2 above

If wages from LOWEST paying job are—

Enter on line 2 above

If wages from HIGHEST paying job are—

Enter on line 7 above

If wages from HIGHEST paying job are—

Enter on line 7 above

$0 -

$4,500

4,501 -

10,000

10,001 -

18,000

18,001 -

22,000

22,001 -

27,000

27,001 -

33,000

33,001 -

40,000

40,001 -

50,000

50,001 -

55,000

55,001 -

60,000

60,001 -

65,000

65,001 -

75,000

75,001 -

100,000

100,001 -

110,000

110,001 -

120,000

120,001 and over

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

$0 -

$6,500

6,501 -

12,000

12,001 -

20,000

20,001 -

27,000

27,001 -

35,000

35,001 -

50,000

50,001 -

65,000

65,001 -

80,000

80,001 -

95,000

95,001 - 120,000 120,001 and over

0 1 2 3 4 5 6 7 8 9 10

$0 - $65,000 65,001 - 120,000 120,001 - 180,000 180,001 - 310,000 310,001 and over

$530 880 980 1,160 1,230

$0 -

$35,000

35,001 -

80,000

80,001 -

150,000

150,001 -

340,000

340,001 and over

$530 880 980 1,160 1,230

Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. The Internal Revenue Code requires this information under sections 3402(f)(2)(A) and 6109 and their regulations. Failure to provide a properly completed form will result in your being treated as a single person who claims no withholding allowances; providing fraudulent information may also subject you to penalties. Routine uses of this information include giving it to the Department of Justice for civil and criminal litigation, to cities, states, and the District of Columbia for use in administering their tax laws, and using it in the National Directory of New Hires. We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.

You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by Code section 6103.

The average time and expenses required to complete and file this form will vary depending on individual circumstances. For estimated averages, see the instructions for your income tax return.

If you have suggestions for making this form simpler, we would be happy to hear from you. See the instructions for your income tax return.

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