Is My Withholding Correct For 1999 - Instructions - Department Of The Treasury Page 12
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
152
Form W-4 (1999)
Page
Deductions and Adjustments Worksheet
Note:
Use this worksheet only if you plan to itemize deductions or claim adjustments to income on your 1999 tax return.
1
Enter an estimate of your 1999 itemized deductions. These include qualifying home mortgage interest,
charitable contributions, state and local taxes (but not sales taxes), medical expenses in excess of 7.5%
of your income, and miscellaneous deductions. (For 1999, you may have to reduce your itemized
$
deductions if your income is over $126,600 ($63,300 if married filing separately). Get Pub. 919 for details.)
1
$7,200 if married filing jointly or qualifying widow(er)
$
$6,350 if head of household
2
2
Enter:
$4,300 if single
$3,600 if married filing separately
$
3
Subtract line 2 from line 1. If line 2 is greater than line 1, enter -0-
3
$
4
Enter an estimate of your 1999 adjustments to income, including alimony, deductible IRA contributions, and student loan interest
4
$
5
Add lines 3 and 4 and enter the total
5
$
6
Enter an estimate of your 1999 nonwage income (such as dividends or interest)
6
$
7
Subtract line 6 from line 5. Enter the result, but not less than -0-
7
8
Divide the amount on line 7 by $3,000 and enter the result here. Drop any fraction
8
9
Enter the number from Personal Allowances Worksheet, line H, on page 1
9
10
Add lines 8 and 9 and enter the total here. If you plan to use the Two-Earner/Two-Job Worksheet, also enter
this total on line 1 below. Otherwise, stop here and enter this total on Form W-4, line 5, on page 1
10
Two-Earner/Two-Job Worksheet
Note: Use this worksheet only if the instructions for line H on page 1 direct you here.
1
Enter the number from line H on 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
2
3
If line 1 is GREATER 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, on 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, on page 1. Complete lines 4–9 to calculate
the additional withholding amount necessary to avoid a year end tax bill.
4
Enter the number from line 2 of this worksheet
4
5
Enter the number from line 1 of this worksheet
5
6
Subtract line 5 from line 4
6
$
7
Find the amount in Table 2 below that applies to the HIGHEST paying job and enter it here
7
$
8
Multiply line 7 by line 6 and enter the result here. This is the additional annual withholding amount needed
8
9
Divide line 8 by the number of pay periods remaining in 1999. (For example, divide by 26 if you are paid
every other week and you complete this form in December 1998.) Enter the result here and on Form W-4,
$
line 6, page 1. This is the additional amount to be withheld from each paycheck
9
Table 1: Two-Earner/Two-Job Worksheet
Married Filing Jointly
All Others
If wages from LOWEST
If wages from LOWEST
If wages from LOWEST
If wages from LOWEST
Enter on
Enter on
Enter on
Enter on
paying job are—
line 2 above
paying job are—
line 2 above
paying job are—
line 2 above
paying job are—
line 2 above
$0 - $4,000
0
40,001 - 45,000
8
$0 - $5,000
0
65,001 - 80,000
8
4,001 - 7,000
1
45,001 - 54,000
9
5,001 - 11,000
1
80,001 - 100,000
9
7,001 - 12,000
2
54,001 - 62,000
10
11,001 - 16,000
2
100,001 and over
10
12,001 - 18,000
3
62,001 - 70,000
11
16,001 - 21,000
3
18,001 - 24,000
4
70,001 - 85,000
12
21,001 - 25,000
4
24,001 - 28,000
5
85,001 - 100,000
13
25,001 - 40,000
5
28,001 - 35,000
6
100,001 - 110,000
14
40,001 - 50,000
6
35,001 - 40,000
7
110,001 and over
15
50,001 - 65,000
7
Table 2: Two-Earner/Two-Job Worksheet
Married Filing Jointly
All Others
If wages from HIGHEST
Enter on
If wages from HIGHEST
Enter on
paying job are—
line 7 above
paying job are—
line 7 above
$0 - $50,000
$400
$0 - $30,000
$400
50,001 - 100,000
770
30,001 - 60,000
770
100,001 - 130,000
850
60,001 - 120,000
850
130,001 - 240,000
1,000
120,001 - 250,000
1,000
240,001 and over
1,100
250,001 and over
1,100
Privacy Act and Paperwork Reduction Act Notice. We ask for the information on this
records relating to a form or its instructions must be retained as long as their contents may
form to carry out the Internal Revenue laws of the United States. The Internal Revenue
become material in the administration of any Internal Revenue law. Generally, tax returns
Code requires this information under sections 3402(f)(2)(A) and 6109 and their regulations.
and return information are confidential, as required by Code section 6103.
Failure to provide a properly completed form will result in your being treated as a single
The time needed to complete this form will vary depending on individual circumstances.
person who claims no withholding allowances; providing fraudulent information may also
The estimated average time is: Recordkeeping 46 min., Learning about the law or the
subject you to penalties. Routine uses of this information include giving it to the
form 10 min., Preparing the form 1 hr., 10 min. If you have comments concerning the
Department of Justice for civil and criminal litigation and to cities, states, and the District of
accuracy of these time estimates or suggestions for making this form simpler, we would be
Columbia for use in administering their tax laws.
happy to hear from you. You can write to the Tax Forms Committee, Western Area
You are not required to provide the information requested on a form that is subject to the
Distribution Center, Rancho Cordova, CA 95743-0001. DO NOT send the tax form to this
Paperwork Reduction Act unless the form displays a valid OMB control number. Books or
address. Instead, give it to your employer.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal