![]() Also on the IRS website are Frequently Asked Questions that you may find beneficial as you complete the new form ( ). Federal Withholding Tax (FWT) 2024 State and Unemployment Tax 2024. It is recommended that employees use the IRS’s Tax Withholding Estimator, ( ) for assistance. The Form W-4 is now a full page instead of a half page, and yet its still easier to understand. Employers use these tables along with the information on your Form W-4 to calculate federal income tax withholding. For example, if you have 33,460, you would use the income bracket ranging from 33,450 to 33,500. The first step the IRS implemented was to change the withholding tables. The discussion on the alternative methods for figuring federal income tax withholding and the Tables for Withholding on Distributions of Indian Gaming Profits to Tribal Members are no longer included in Pub.15-A. Find the income bracket that contains your taxable income in the left hand column of the table. Income Tax Withholding Use Tax Estate Tax Fiduciary Tax Determine Household. Texas State University staff can only answer general questions about Form W-4. Locate the tax table in IRS Publication 17 for the tax year you are filing. ![]() Steps 2, 3, and 4 are optional, but completing them will ensure that your tax withholding will more accurately match your tax liability. Employees must fill out step 1 and step 5. ![]() If a current employee who has completed a previous W-4 wants to make changes to their 2020 withholding tax, the new form must be used. The IRS does not require all current employees to complete the revised form. ![]() This includes anyone rehired on or after January 1, 2020. Due to the federal tax law changes made by the 2018 Tax Cuts and Jobs Act, effective January 1, 2020, all employers must use the new W-4 Form for New Employees. ![]()
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