Categories: Chicago

New Form W-4 creates a lot of confusions

The IRS has released the renewed version of Form W-4. The changes made in the form have created a lot of questions and confusion in the mind of residents. The first change suggests that employers do not need to get all employees to sign the new form. According to the IRS publication, the employees who want to change their withholdings, new employees, and employees who want tax exemptions are needed to sign the new form.

It is the responsibility of the employers to remind their employees before December 31 each year to submit a new form if a change occurs in their withholdings or a change will occur next year. If an employee does not submit a new form then the company must have to withhold the taxes pursuant to the last valid W-4 form.

The previous form is valid if an employee wants changes in his withholdings. The employers do not need to get their employers to sign new forms each year. The employees can use a service, Estimator, in order to know what they should put on their new form. The service can be got by visiting www.irs.gov/W4App.

According to the IRS Publication 15, the new form must have to be filled by all non-US citizens (Aliens). The Resident Aliens of the US will be treated the same as the citizens of the United States of America. The instructions for the nonresident Aliens are given in the link: https://www.irs.gov/pub/irs-pdf/n1392.pdf. The nonresident Aliens cannot claim tax exemptions.

The new Form W-4 is more transparent and simplified as compared to the previous form. It has created some confusions but they will be sorted out easily as it is more simple form as compared to the previous form. The accuracy of the W-4 form is also improved in this version. The employees are advised to follow the guidelines given on the official website of the IRS. Conclusively, the employees who want to change their withholdings or if their withholdings will change next year are required to fill the new form.

Gabriella Remillard

Staff writer for the Chicago Morning Star

Recent Posts

Senate Democrats mock Biden for selling weapons to Israel

Some of President Biden's strongest Senate allies are calling on Israelis to end months of fierce fighting and criticizing the…

10 months ago

The biggest cities in Ukraine are struck by Russian missiles, leaving at least 4 dead and over 100 injured

Ukraine's KYIV — At least four people were killed and nearly 100 injured when Russian hypersonic ballistic missiles attacked Ukraine's…

10 months ago

Good News That’s Much Needed for Biden

The economy is making Americans feel a little more upbeat, especially when it comes to jobs and incomes, which could…

11 months ago

College Ventilation System Reveals Missing Man

The discovery of a decaying body inside a college ventilation system marked the tragic and unexplained end to a missing…

11 months ago

Following three Palestinian shots, a Vermont man was arrested

Following the shooting deaths of three 20-year-old Palestinian-American students in Vermont, authorities have detained a man. According to a news…

11 months ago

China is told to cease “COVID deception” due to the pneumonia outbreak by the US envoy

The United States ambassador to Japan, Rahm Emanuel, urged Chinese authorities "to abandon COVID deception" and demanded that China be…

12 months ago

This website uses cookies.