Form W-4

The purpose of Employee’s Withholding Allowance Certificate (IRS Form W-4) is to help your employer withhold the correct federal income tax from your pay. In the same time it is a tool that let's you to a certain degree regulate how much taxes are taken from your paycheck and how big a refund you are going to get.

Some people prefer to pay more taxes during the year and receive a big refund, which can be used for major purchases, for vacations, etc. The drawback of that approach is that they loan money interest-free to IRS.

Other people prefer to get a bigger paycheck during the year. The drawback of that approach is that they may underpay their taxes. In such a case they will have to pay money they owe to IRS by April 15th and if they owe too much, they may have to pay penalty and interest as well.

You can download the Federal form W-4 as well as correspondent state forms below. In most cases only federal form is needed, but sometimes it makes sense declare different withholding information for State purposes.

We can help you calculate the correct options for your financial situations and preferences.

For more information, please contact us.

Download form W-4: click here

Download New York State form IT-2104: click here

Download New Jersey form NJ-W4: click here