Artículo New Form W-4.. New Form W-4.

id="en_US_2023_publink100032353"> New Form W-4. When you start a new job, your employer should have you complete a Form W-4. Beginning with your first payday, your employer will use the information you give on the form to figure your withholding. If you later fill out a new Form W-4, your employer can put it into effect as soon as possible. The deadline for putting it into effect is the start of the first payroll period ending 30 or more days after you turn it in. No Form W-4. If you don’t give your employer a completed Form W-4, your employer must withhold at the highest rate, as if you were single. Repaying withheld tax. If you find you are having too much tax withheld because you didn’t claim the correct amount of withholding you are entitled to, you should give your employer a new Form W-4. Your employer can’t repay any of the tax previously withheld. Instead, claim the full amount withheld when you file your tax return. However, if your employer has withheld more than the correct amount of tax for the Form W-4 you have in effect, you don’t have to fill out a new Form W-4 to have your withholding lowered to the correct amount. Your employer can repay the amount that was withheld incorrectly. If you aren’t repaid, your Form W-2 will reflect the full amount actually withheld, which you would claim when you file your tax return. Exemption From Withholding If you claim exemption from withholding, your employer won’t withhold federal income tax from your wages. The exemption applies only to income tax, not to social security, Medicare, or FUTA tax withholding. You can claim exemption from withholding for 2026 only if both of the following situations apply. For 2025, you had a right to a refund of all federal income tax withheld because you had no tax liability. For 2026, you expect a refund of all federal income tax withheld because you expect to have no tax liability. Students. If you are a student, you aren’t automatically exempt. See chapter 1 to find out if you must file a return. If you work only part time or only during the summer, you may qualify for exemption from withholding. Age 65 or older or blind. If you are 65 or older or blind, use Worksheet 1-1 or 1-2 in chapter 1 of Pub. 505 to help you decide if you qualify for exemption from withholding. Don’t use either worksheet if you will itemize deductions or claim tax credits on your 2026 return. Instead, see Itemizing deductions or claiming credits in chapter 1 of Pub. 505. Eligible for a bonus deduction? If you are age 65 or older, you may be eligible for a $6,000 ($12,000 if married filing jointly) bonus deduction for tax years beginning in 2025 through tax years beginning no later than 2028. For more information, see Pub. 505. Claiming exemption from withholding. To claim exemption, you must give your employer a Form W-4. Write “Exempt” on the form in the space below Step 4(c) and complete the applicable steps of the form. If you claim exemption, but later your situation changes so that you will have to pay income tax after all, you must file a new Form W-4 within 10 days after the change. If you claim exemption in 2026, but you expect to owe income tax for 2027, you must file a new Form W-4 by December 1, 2026. Your claim of exempt status may be reviewed by the IRS. An exemption is good for only 1 year. You must generally give your employer a new Form W-4 by February 15 each year to continue your exemption. Supplemental Wages Supplemental wages include bonuses, certain tips, commissions, overtime pay, vacation allowances, certain sick pay, and expense allowances under certain plans. The payer can figure withholding on supplemental wages using the same method used for your regular wages. However, if these payments are identified separately from your regular wages, your employer or other payer of supplemental wages can withhold income tax from these wages at a flat rate. . Certain qualified tips and overtime pay can be deducted from your taxable income beginning in 2025 through 2028. See Pub. 531, Reporting Tip Income, and Pub. 505 for more information. . Expense allowances. Reimbursements or other expense allowances paid by your employer under a nonaccountable plan are treated as supplemental wages. Reimbursements or other expen