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general:employeeportalselfservicepayrollrecord [2023/05/03 16:51] emorenogeneral:employeeportalselfservicepayrollrecord [2025/04/25 20:34] (current) emoreno
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 <WRAP center round important > <WRAP center round important >
-**IMPORTANT**: Refer to the [[https://www.irs.gov/forms-pubs/about-form-w-4|IRS W-4 Instructions]] for complete details about completing the following fields. Also, be sure to review [[https://www.irs.gov/forms-pubs/about-publication-15-t|Publication 15-T Federal Income Tax Withholding]], which contains the withholding tax calculations and the [[https://www.irs.gov/newsroom/faqs-on-the-draft-2020-form-w-4|FAQs on the draft 2020 Form W-4]] page, which contains helpful information.+**IMPORTANT**: As of 2020, the Form W-4 was updated. Refer to the [[https://www.irs.gov/forms-pubs/about-form-w-4|IRS W-4 Instructions]] for complete details about completing the W-4 fields. Also, be sure to review [[https://www.irs.gov/forms-pubs/about-publication-15-t|Publication 15-T Federal Income Tax Withholding]], which contains the withholding tax calculations and the [[https://www.irs.gov/newsroom/faqs-on-the-draft-2020-form-w-4|FAQs on the draft 2020 Form W-4]] page, which contains helpful information.
 </WRAP> </WRAP>
  
  
-<WRAP box>**Note**: Due to IRS Withholding calculation changes, the **W4 Marital Status** and **Nbr of Exemptions** are no longer used after December 31, 2019.+<WRAP box>**Note**: Due to IRS Withholding calculation changes, the **W4 Marital Status** and **Nbr of Exemptions** fields are no longer used after December 31, 2019.
 </WRAP> </WRAP>
      
  
 ^Filing Status|Click {{:images:dropdown.gif|Drop Down Arrow}} to select a filing status.\\  \\  //H Head of household//\\ //M Married filing jointly//\\  //S Single or Married filing separately//| ^Filing Status|Click {{:images:dropdown.gif|Drop Down Arrow}} to select a filing status.\\  \\  //H Head of household//\\ //M Married filing jointly//\\  //S Single or Married filing separately//|
-^Multi-Jobs|Select to indicate that there are multiple jobs in the household. | +^Multi-Jobs|Select to indicate that there are multiple jobs in the household. Per IRS, complete this step if you (1) hold more than one job at a time, or (2) are married filing jointly and your spouse also works. The correct amount of withholding depends on income earned from all of these jobs. | 
-^Children under 17|Type the number of children in the household under the age of 17 as of December 31. Refer to IRS Pub972Child Tax Credit for complete details.|+^Children under 17|Type the number of children in the household under the age of 17 as of December 31. Per IRS, including these credits will increase your paycheck (i.e., lower the amount withheld from your paycheck by $2,000 per child) and reduce the amount of any refund you may receive when you file your tax return (i.e., lowers your tax return credit). |
 ^Other Dependents|Type the number of other dependents in the household.|  ^Other Dependents|Type the number of other dependents in the household.|
 ^Other Exemptions|Type the amount of any other exemptions that may affect your federal income tax withholding.| ^Other Exemptions|Type the amount of any other exemptions that may affect your federal income tax withholding.|
 ^Other Income|Type the amount of any other income that may affect your federal income tax withholding. |   ^Other Income|Type the amount of any other income that may affect your federal income tax withholding. |  
-^Other Deductions|Type the amount of any other deductions that may affect your federal income tax withholding.|  +^Other Deductions|Type the amount of any other deductions that may affect your federal income tax withholding. Per IRS, this is useful if you expect to claim deductions other than the standard deduction and want to reduce your withholding.| 
-^IRS Lock-in Letter|This field is only displayed if the **IRS Lock-In Letter** field is selected for the employee on the Payroll > Maintenance > Staff Job/Pay Data > Pay Info tabIf so, the field is set to //Y// and the **W4 Marital Status Information** fields are disabled preventing any changes from being made.\\  \\  For more information about the IRS Lock-in Letter, visit https://www.irsvideos.gov/Individual/Resources/WhatsALock-InLetter |+ 
 +<WRAP box>**Note**: For **W-4 Extra withholding**, contact your Human Resources/Payroll department to set up any additional tax you want withheld each pay period. 
 +</WRAP> 
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 +The **IRS Lock-in Letter** field is only displayed if the IRS has determined that you do not have sufficient withholding and a Lock-in Letter has been issued and updated on your pay info record in ASCENDER. For more information about the IRS Lock-in Letter, visit the IRS websiteIf you have questions, contact your Human Resources/Payroll department.
  
 VCV Under **Direct Deposit Bank Accounts**:  VCV Under **Direct Deposit Bank Accounts**: 
general/employeeportalselfservicepayrollrecord.1683132691.txt.gz · Last modified: 2023/05/03 16:51 by emoreno