First Time Filing

Forum|Forum|1 year ago
November 18, 2024
2 replies
25 views

I'm applying for a job and they require me to fill out a W-4 form. This would be my first job, I've never made my own money. How do I go about filing when I've never had an income.

Not A Product Question

DoninGA

Level 15

A W-4 is what you give to your employer so that they can withhold federal income taxes from your wages.

Go to this IRS website for a withholding estimator - https://www.irs.gov/individuals/tax-withholding-estimator

xmasbaby0

Level 15

That W-4 is just a form that you fill out for your employer. It only goes to the employer. It tells the employer how much tax to withhold from your pay. They are going to withhold federal tax, maybe state tax (if you live in a state that has state income tax) and they will withhold Social Security and Medicare. The "rest" of the money is what you will receive when you get your paychecks. Sometime in January the employer will issue a document called a W-2 to you. That will show how much you received in your paychecks and how much tax was withheld. That is what you will use to prepare an income tax return. You do not prepare an income tax return until sometime during January to mid-April of 2025. When you receive your W-2, we can provide more help to you if you need it, so you will know how to prepare an income tax return.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**