The Internal Revenue Service has many forms that every worker in the United States must complete to fulfill their hire to a new job. The W-4 Form, Employee’s Withholding Allowance is one of the mandatory forms that must be filled out and submitted to the employer. The use of the form allows the employer to withhold taxes from the employee’s paycheck.
Depending on how many allowances the employee claims, the amount of taxes being withhold will change. So if an employee is single and claimed zero allowances, more taxes will be withheld compared to someone who’s in the same situation but claimed one or more allowances.
If the total taxes withheld throughout the year exceeds the employee’s owed tax, he/she will receive a tax refund.
Download Printable W-4 Form 2020
The IRS or any other agency of the federal government for that matter is responsible for providing each document and form to those who need to fulfill their duties. There is no exception to the W-4 Form, Employee’s Withholding Allowance Certificate. By clicking the link below, you can view, download, and print off the W-4 Form from the IRS.