ilmscore | Prediction Details
"If you have income from sources outside your job, such as interest income or investment income, you can write the total here... this additional income will cause you to... If you have a balance or owe money, then this section in step number 4 is a way to withhold additional taxes from your paycheck to compensate for the fact that taxes are not being withheld on your other income, so you don't owe money when you file your taxes at the end of the year."
By ClearValue Tax | January 12, 2020 | Pending
From video
Como llenar la Forma W4 en Espanol 00:15:52 - 00:16:49
Interpreted Prediction
Income from sources like interest or investments, on which taxes are not withheld, should be reported in step 4 to proactively withhold additional taxes and avoid owing money at tax filing.

Prediction Details

Topic
Tax Withholding with Additional Income

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.