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Form W-4V Salt Lake City Utah: What You Should Know
The IRS will also send you a Form W-4V with instructions for how to complete the form. Withholding Income Tax For Social Security Wage Earners in Utah If you are receiving Social Security income, see the “Who You Must File With” chart (below) for rules on how to withhold. How Much Must You Withhold? The federal income tax rates under the Payroll Deductions Refundable Credit for Social Security Wages and Supplemental Security Income Wages are: For a single taxpayer married filing jointly: 2,150 or 9,300 For a single taxpayer filing separately: 1,950 or 5,100 For a couple filing jointly: 3,450 or 7,800 In addition, you must withhold federal income tax from Social Security income when it is earned by any eligible employee. For information, see Publication 16, Withholding of Federal Income Tax for Social Security and the Earned Income Tax Credit, if you are withholding federal income tax from your employees. What You Can Withhold You can withhold federal income tax only on wages you pay to qualified employees. The employer-employee relationship does not apply unless you are withholding income tax from your employee's wages. A qualified employee is an employee, independent contractor, or partner with whom the employee's employer has a written social security and Medicare tax return agreement. In particular, a partner may be a husband (husband's wages are social security wages), wife (wife's wages are social security wages), father (father's wages are social security wages), mother (mother's wages are social security wages), son (son's wages are social security wages), and daughter (daughter's wages are social security wages). Qualified employees include a manager of a partnership, corporation, or S corporation, employee of a partnership, corporation, or S corporation, and independent contractor. To find out if your relationship to an employee is substantial, you can consult Withholding Income Tax and its Terminology (Pub. 463). What You Are Not Told Most employers in the U.S. do not withhold federal income tax from non-employees' social security wages. If you are an employer with employees, and you want to withhold federal income tax from your employee's social security wage, you must fill out a Form W-4V. Form W-4V (Rev.
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