topic Didn't the worksheet here help? https://www.irs.gov/pub/i... in Retirement tax questions

I can not find any help with a W-4S form for withholding from sick pay 2018. How can I find out how much I should be withholding from my monthly benefit?

blueberry1 — Wed, 05 Jun 2019 23:17:50 GMT

Didn't the worksheet here help? https://www.irs.gov/pub/i...

SweetieJean — Wed, 05 Jun 2019 23:17:51 GMT

Didn't the worksheet here help?

https://www.irs.gov/pub/irs-pdf/fw4s.pdf

No, I have the form but can't figure out how to fill it o...

blueberry1 — Wed, 05 Jun 2019 23:17:52 GMT

No, I have the form but can't figure out how to fill it out. It's line 4 (figuring my tax, rate schedule) that's stumping me

What is your filing status and what is the amount you ent...

DoninGA — Wed, 05 Jun 2019 23:17:54 GMT

What is your filing status and what is the amount you entered on Line 3 of the W-4S?

married filing joint, $24,216

blueberry1 — Wed, 05 Jun 2019 23:17:55 GMT

married filing joint, $24,216

From the Form W-4S you would use Schedule Y-1 - The tax t...

DoninGA — Wed, 05 Jun 2019 23:17:56 GMT

From the Form W-4S you would use Schedule Y-1 -
The tax to be reported on Line 4 of the Form W-4S is $1,905 plus 12% of the amount over $19,050
$24,216 (-) $19,050 = $5,166
$5,166 x 0.12 = $619.92

Tax reported on Line 4 - $1,905 + $619.92 - $2,524.92 (rounding up) $2,525

Thank you DoninGA. This form has been confusing me for we...

jennsing27 — Wed, 05 Jun 2019 23:17:58 GMT

Thank you DoninGA. This form has been confusing me for weeks.

Re: I can not find any help with a W-4S form for withholding from sick pay 2018. How can I find out how much I should be withholding from my monthly benefit?

Tasha11284 — Wed, 28 Dec 2022 21:12:12 GMT

Are you able to help me with this same question? I'm trying to figure it out to submit for Paid Leave.

Re: What is your filing status and what is the amount you ent...

Tasha11284 — Wed, 28 Dec 2022 21:13:48 GMT

@DoninGA are you able to help me with this as well? I'm trying to fill it out for a paid leave I will be taking so taxes come out and don't understand the table .

Re: What is your filing status and what is the amount you ent...

DoninGA — Wed, 28 Dec 2022 21:21:45 GMT

@Tasha11284 Assuming that you are not itemizing deductions on Schedule A then Line 1 and Line 3 of W-4S would be the same amount.

What is the amount on Line 3 and what is your Filing Status?

Single

Married Filing Jointly

Married Filing Separately

Head of Household

Re: What is your filing status and what is the amount you ent...

Tasha11284 — Wed, 28 Dec 2022 21:26:59 GMT

@DoninGA @Single. I think it's 5,950 if I am doing it right. I have been only able to work part time since a severe car accident so gross earnings are lower this past year.

Re: What is your filing status and what is the amount you ent...

DoninGA — Wed, 28 Dec 2022 21:32:18 GMT

@Tasha11284 You would enter $595 for the taxes to be withheld.

Re: What is your filing status and what is the amount you ent...

DoninGA — Wed, 28 Dec 2022 21:36:30 GMT

@Tasha11284 I should have written $595 to be entered on Line 4 of the W-4S. From there you can calculate how much should be withheld from each payment by following the instructions up through Line 10.

Re: What is your filing status and what is the amount you ent...

Tasha11284 — Wed, 28 Dec 2022 21:38:47 GMT

@DoninGA ok, so I take that $595 and divide it by how many payments I'm expected to get? I'm sorry if these are dumb questions lol but looking at the worksheet it doesn't compute to me lol

Re: What is your filing status and what is the amount you ent...

DoninGA — Wed, 28 Dec 2022 21:42:34 GMT

@Tasha11284 wrote:

@DoninGA ok, so I take that $595 and divide it by how many payments I'm expected to get? I'm sorry if these are dumb questions lol but looking at the worksheet it doesn't compute to me lol

Correct. Divide $595 by the number of payments you expect to receive. That would be amount to enter in the box of the Form W-4S labeled -

I request federal income tax withholding from my sick pay payments. I want the following amount to be withheld from each payment.

Re: What is your filing status and what is the amount you ent...

Tasha11284 — Wed, 28 Dec 2022 21:45:57 GMT

@DoninGA I think I figured it out. My other question is, my leave starts the end of January so will these numbers change starting a new year? I will also be on reduced hours 3 months after the Paid Leave as well. The numbers I am filling out are for 2022 but the leave isn't until Jan 2023.

Re: What is your filing status and what is the amount you ent...

Tasha11284 — Wed, 28 Dec 2022 21:47:36 GMT

@DoninGA the Paid Leave agency seems computer clueless in any help lol

Re: What is your filing status and what is the amount you ent...

DoninGA — Wed, 28 Dec 2022 21:57:15 GMT

@Tasha11284 The W-4S you will be completing is for tax year 2023 so if you expect that your Adjusted Gross Income in 2023 is correct at $5,950 the number calculated is correct for the taxes to be withheld.

Re: What is your filing status and what is the amount you ent...

Tasha11284 — Wed, 28 Dec 2022 22:01:31 GMT

@DoninGA I was giving the numbers for expected 2022 income, I don't even have an guestimate what 2023 will be with how long this leave may have me out past Paid benefits. Thank you for your help though. I will go with the numbers I worked out for the forms Paid Leave provided me. I hope I can always adjust it if needed!

Re: What is your filing status and what is the amount you ent...

DoninGA — Wed, 28 Dec 2022 22:03:09 GMT

Yes, you can always submit a new W-4S if you need to adjust either up or down on the taxes being withheld.