It-2104 - Employee'S Withholding Allowance Certificate Page 2
Download a blank fillable It-2104 - Employee'S Withholding Allowance Certificate in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete It-2104 - Employee'S Withholding Allowance Certificate with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4Page 2 of 4 IT-2104 (2005)
Instructions
claim fewer allowances. If you claim more
head of household with two or more jobs,
Changes for 2005
than 14 allowances, your employer must
reduce the number of allowances by six for a
The charts on page 4 of this form have been
send a copy of your Form IT-2104 to the
single taxpayer or three for a head of
revised for tax year 2005. If you filed a 2004
New York State Tax Department. You may then
household, on line 1 and line 2 (if applicable)
Form IT-2104 and used a page 4 chart to
be asked to verify your allowances. If you
on the certificate you file with your
compute an additional dollar amount to claim
arrive at negative allowances (less than zero)
higher-paying job employer. If you arrive at
on lines 3, 4, or 5 on Form IT-2104, you
on lines 1, 2, 19, or 30, and your employer
negative allowances (less than zero), see
should complete a new 2005 Form IT-2104
cannot accommodate negative allowances,
Withholding allowances above.
and give it to your employer.
enter 0 and see Additional dollar amount(s) below.
Single taxpayers or heads of household —
Who should file this form
If you are a single taxpayer or head of
Income from sources other than wages — If
household and your total income is between
you have more than $1,000 of income from
This certificate, Form IT-2104, is completed by
$100,000 and $400,000, use Chart A on
sources other than wages (such as interest,
an employee and given to the employer to
page 4 to compute the number of allowances
dividends, or alimony received), reduce the
instruct the employer how much New York
to transfer to Part I, line 18; also use Chart B if
number of allowances claimed on line 1 and
State (and New York City and Yonkers) tax to
you are a New York City resident (using
line 2 (if applicable) of the IT-2104 certificate
withhold from the employee’s pay. The more
Part III, line 29). Substitute the words Highest
by one for each $1,000 of nonwage income. If
allowances claimed, the lower the amount of
paying job for Higher earner’s wages within the
you arrive at negative allowances (less than
tax withheld.
charts.
zero), see Withholding allowances above. You
If you do not file Form IT-2104, your employer
may also consider filing estimated tax,
Dependents — If you are a dependent of
may use the same number of allowances you
especially if you have significant amounts of
another taxpayer and expect your income to
claimed on federal Form W-4. Due to
nonwage income. Estimated tax requires that
exceed $3,000, you should reduce your
differences in tax law, this may result in the
payments be made by the employee directly to
withholding allowances by one for each $1,000
wrong amount of tax withheld for New York
the Tax Department on a quarterly basis. For
of income over $2,500. This will ensure that
State, New York City, and Yonkers. Complete
more information, see the instructions for
your employer withholds enough tax.
Form IT-2104 each year and file it with your
Form IT-2105, Estimated Income Tax Payment
employer if the number of allowances you may
Following the above instructions will help to
Voucher , or see Need help? on page 1.
claim is different from federal Form W-4 or has
ensure that you will not owe additional tax
Other credits (Worksheet line 12) — If you will
changed. Common reasons for completing a
when you file your return.
be eligible to claim any credits other than the
new Form IT-2104 each year include the
Heads of households with only one job — If
credits listed, such as an investment tax credit,
following:
you will use the head-of-household filing status
you may claim additional allowances as
• You started a new job.
on your state income tax return, mark the
follows:
• You are no longer a dependent.
Single or Head of household box on the front
• If you expect your New York adjusted gross
• Your individual circumstances may have
of the certificate. If you have only one job, you
income to be less than $50,000, divide the
changed (for example, you were married or
may also wish to claim two additional
amount of the expected credit by 60 and
have an additional child).
withholding allowances on Part I, line 13.
enter the result (round to the nearest whole
• You itemize your deductions on your
number) on line 12.
Married couples with only one spouse working
personal income tax return.
• If you expect your New York adjusted gross
— If your spouse does not work and has no
• You claim allowances for New York State
income to be more than $50,000, divide the
income subject to state income tax, mark the
credits.
amount of the expected credit by 70 and
Married box on the front of the certificate. You
• You owed tax or received a large refund
enter the result (round to the nearest whole
may also wish to claim two additional
when you filed your personal income tax
number) on line 12.
allowances on Part I, line 14.
return for the past year.
• Your wages have increased and you expect
Example: You expect your New York adjusted
Additional dollar amount(s)
to earn $100,000 or more during the tax
gross income to exceed $50,000. In addition,
year.
you expect to receive a flow-through of an
You may ask your employer to withhold an
• The total income of you and your spouse
investment tax credit from the S corporation of
additional dollar amount each pay period by
which you are a shareholder. The investment
has increased to $100,000 or more for the
completing lines 3, 4, and 5 on Form IT-2104.
tax credit will be $160. Divide the expected
tax year.
In most instances, if you compute a negative
• You have significantly more or less income
credit by 70. 160/70 = 2.2857. The additional
number of allowances using the worksheets on
from other sources or from another job.
withholding allowance(s) would be 2. Enter 2
page 3 and your employer cannot
• You no longer qualify for exemption from
on line 12.
accommodate a negative number, for each
withholding.
negative allowance claimed you should have
Married couples with both spouses working
• You have been advised by the Internal
an additional $2 of tax withheld per week for
— If you and your spouse both work, you
Revenue Service that you are entitled to
New York State withholding on line 3, and an
should each file a separate IT-2104 certificate
fewer allowances than claimed on your
additional $1 of tax withheld per week for
with your respective employers. You should
original federal Form W-4, and the
New York City withholding on line 4. Yonkers
each mark an X in the box Married, but
disallowed allowances were claimed on your
residents should use 5% (0.05) of the
withhold at higher single rate on the certificate
original Form IT-2104.
New York State amount for additional
front, and divide the total number of
withholding for Yonkers on line 5.
allowances that you compute on line 19 and
Employee: detach and give the first page to
line 30 (if applicable) between you and your
your employer; keep pages 3 and 4 for your
Note: If you are requesting your employer
records.
working spouse. Your withholding will better
withhold an additional dollar amount on lines 3,
match your total tax if the higher wage-earning
4, or 5 of this allowance certificate, the
spouse claims all of the couple’s allowances
additional dollar amount as determined by
Exemption from withholding
and the lower wage-earning spouse claims
these instructions or by using the charts on
You cannot use Form IT-2104 to claim
zero allowances. Do not claim more total
page 4 is accurate for a weekly payroll.
exemption from withholding.
allowances than you are entitled to. If you and
Therefore, if you are paid other than weekly,
your spouse’s combined income is between
To claim exemption from income tax
you will need to adjust the dollar amount(s)
$100,000 and $400,000, use Chart A on
withholding, you must file Form IT-2104-E,
that you compute. For example, if you are paid
Certificate of Exemption from Withholding , with
page 4 to compute the number of allowances
biweekly, you must double the dollar amount(s)
your employer. You must file a new certificate
to transfer to Part I, line 18; also use Chart B if
computed using the worksheet(s) on page 3.
each year that you qualify for exemption. This
you are a New York City resident (using Part
III, line 29). If your combined income is greater
exemption from withholding is allowable only if
Avoid underwithholding
than $150,000, but your taxable income is less
you had no New York income tax liability in the
Form IT-2104, together with your employer’s
prior year, you expect none in the current year,
than $150,000, use the $145,000 to $150,000
withholding tables, is designed to ensure that
and you are over 65 years of age, under 18, or
column in Chart A to compute the number of
the correct amount of tax is withheld from your
a full-time student under 25. If you are a
allowances to transfer to Part I, line 18.
pay. If you fail to have enough tax withheld
dependent who is under 18 or a full-time
Taxpayers with more than one job — If you
during the entire year, you may owe a large tax
student, you may owe tax if your income is
have more than one job, file a separate IT-2104
liability when you file your return. The Tax
more than $3,000.
certificate with each of your employers. Be sure
Department must assess interest and may
to claim only the total number of allowances
impose penalties in certain situations in
Withholding allowances
that you are entitled to. Your withholding will
addition to the tax liability. Even if you do not
You may not claim a withholding allowance for
better match your total tax if you claim all of
file a return, we may determine that you owe
yourself or, if married, your spouse. Claim the
your allowances at your higher-paying job and
personal income tax, and we may assess
number of withholding allowances you
zero allowances at the lower-paying job. In
interest and penalties on the amount of tax
compute in Part I and Part III on page 3 of this
addition, to make sure that you have enough
that you should have paid during the year.
form. If you want more tax withheld, you may
tax withheld, if you are a single taxpayer or
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial