How to amend a W-4 form at the year-end using TurboxTax app?

[MythSaraLee]

Could I amend a W-4 form through TurboTax for this tax-year 2024?

This is the last pay-check before the retirement.

At the beginning of the year, the payroll office did not get my info into the W-4 form.

Now what actions could I take to amend the W-4 form in the tax-filing process? Thank you.

[DianeW777]

Yes, you can use the link below to see how to complete your W-4 in TurboTax.

• How do I update and print a new W-4?

[MythSaraLee]

Thank you, DianeW.

Usually does W-4 form work for the FICA taxes?

[DianeW777]

No, it is strictly for the federal withholding. The FICA taxes have a set amount for each dollar of wages and is not part of your tax return.

• 6.2% is social security tax
• 1.45% is medicare tax

[SteamTrain]

@MythSaraLee 

The issue you might have, is that the payroll people may not be able to implement your changes this late in your pay cycle.  Normally, the change you make might only be applied to the next wage cycle.....which might not exist for you.

If it doesn't happen, you could just increase your withholding on your pension payments, to make up for what wasn't withheld in your working paychecks.

Use the W-4P to increase withholding from a pension

About Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments | Internal Revenue...

[MythSaraLee]

Usually does W-4 work for state and city taxes? Thanks~

[SteamTrain]

Depends on the state involved....one normally interfaces with the pension provider to deal with State and Local tax withholding.   (A plain W-4 is only for working wages,,,not pensions)

My pension providers have only been allowing a standard amount to be withheld for Federal and state taxes (no local taxes in NC)... if I need more withholding for Fed or state(I do need more paid in during the year), so I end up making quarterly Estimated tax payments to the IRS and state....using the Online IRS Direct Pay site for the Feds, and my state's website for state quarterly estimated payments.

[MythSaraLee]

@SteamTrain  Thanks.

Then could I amend in TurboxTax app now, but mail the W4 form to the office later?

[SteamTrain]

The W-4 preparation area in TTX is just a form you prepare/print and give to the payroll provider

...it is NOT an amendment as it has nothing to do with the current 2024 tax return....and will not affect 2024 taxes in any way.

[MythSaraLee]

@SteamTrain Thank you.

I am in NYC area. Does W4 work for NY state tax and NYC city tax?

Does NYC city tax charges to the SSA-1099 pensions?

I am a low-income employee.

Usually the pension will be sent through SSA-1099 forms but not 1099-R, right?

[MythSaraLee]

@SteamTrain Thanks~

Then could I use "Form 843" to amend the W-4 form for tax-year 2024?

Do I have some other options/forms for the state and city taxes and FICA taxes?

[SteamTrain]

A Pension is NOT Social Security.

SS is only on SSA-1099, and doesn't usually deal with NY or NYC tax payments.

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I don't know NY and NYC stuff....but a Google search indicates that NY does not tax Social Security.

Don't know about NY City.

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When you start SS, they ask you how much you want withheld for Federal taxes.  I think they limit it to 7%, 10%, 12%, or 22% of the monthly amount.  They have a form W-4V for that when you first apply for SS:

Request to withhold taxes | SSA

[SteamTrain]

I don't know how to use the 843 ...you need more of an expert than myself,  to figure out what you are attempting to do with it.

.......but the 843  can do absolutely nothing to change your 2024 W-4 itself....a W-4 is just a form you give to your employer to help them determine how much they should withhold for Federal taxes...and if they don't withhold enough, then it's on you to make up the difference.....either during the year......or at tax time.

.

[MythSaraLee]

@SteamTrain 

Does W4 and Form IT-2104 work for now-tax-filing?

If no, could I use some other options or forms? Thanks~

[SteamTrain]

Preparing a W-4 and IT-2104, printing and giving to the employer now would only affect future W-2 wage income for 2025.

You can do nothing for 2024 taxes with a 2024 W-4 or IT-2104.  Too late to change those.