The income from the part-time job is commonly low enough that the amount withheld will not be enough to cover the tax on that income. Tax is withheld from your income from any job based only on the income from that job. If you're working more than 1 part-time job or a full-time job and a part-time job, you may need to compensate for the extra job by altering your withholding. Withholding When Working More Than One Job If someone else will claim you as a dependent, then you're not entitled to claim an allowance on line A of the personal allowances worksheet on Form W-4. ![]() Your parents or someone else can claim you as a dependent if you didn't provide more than half your support for the year. If you meet the requirements to file exempt, complete only lines 1–4 and write the word "exempt" on line 7 of Form W-4 and file it with your employer. You still must meet the other requirements. Note: Being a student doesn't automatically qualify you to be exempt from withholding.
0 Comments
Leave a Reply. |