Costpoint Help

Federal W-4

Complete the Federal W-4 screen so that your employer can withhold the correct federal income tax from your pay.

The amount of income tax your employer withholds from your regular pay depends on two things: 1) The amount you earn, and 2) the information you gave to your employer on the Federal Withholding form (also called Form W-4). This form includes three types of information that your employer will use to figure your withholding: Filing Status, Total Allowances, and Additional Amount.

Since events during the year may change your filing status or the exemptions you expect to claim on your return, you may need to provide your employer with new information, refiguring the Federal Withholding form as necessary.

Note: If the system does not find any current records, the Current Federal Withholding Information table will not display. Instead, the system will display an error message indicating that no Current Federal Withholding information is on record.

You can also access this screen as a tab on the Life Events/New Hires screen when a when a life event is in process.

This screen contains the following tabs:

  • Step 1: Use this tab to view and enter details for Step 1: Personal Information of the W-4.
  • Step 2: Use this tab to view and enter details for Step 2: Multiple Jobs and Spouse Works of the W-4.
  • Step 3: Use this tab to view and enter details for Step 3: Claim Dependents and Other Credits of the W-4.
  • Step 4: Use this tab to view and enter details for Step 4 (optional): Other Adjustments of the W-4.
  • Step 5 - Signature: Use this tab to electronically sign your W-4.
  • Multiple Jobs Worksheet: Use this worksheet if you choose the option in Step 2(b) on the Form W-4
  • Deductions Worksheet: Use this worksheet if you choose the option in Step 2(b) on the Form W-4.

Display the Federal W-4 Screen

You access the Federal W-4 screen from the People domain.

Contents of the Federal W-4 Screen

Use the fields and options to configure the Federal W-4 Screen.

Table Information for the Federal W-4 Screen

Changes to the Federal W-4 update several tables.

Tabs of the Federal W-4 Screen

The Federal W-4 screen provides tabs for entering W-4 details and multiple jobs/deductions worksheets.

Subtask of the Federal Withholding Screen

The Federal Withholding screen provides a subtask that allows you to complete your Form W-4 for year 2019.

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