How Do You Fill Out Form W-4 For A Full Time Student?
When you begin working for a new employer, you will likely be asked to complete an IRS Form W-4. This form lets your employer know how much federal income tax to withhold from your paycheck. If your employer doesn’t withhold enough tax, you will owe money when you file your personal income tax return. Additionally, you may be responsible for paying penalties and interest on the unpaid portion of taxes. Follow the directions to complete the Personal Exemptions Worksheet located above Form W-2. If you are a full-time student and you are supported by your parents or legal guardian, check with them to determine whether or not they claim you as a dependent. Enter your personal data in sections one, two, and three. Read the instructions for box four, and check the box if your last name differs from the last name on your social security card. Enter the number calculated on the Personal Exemptions Worksheet in box five of the W-4. This is the line item that correlates to the amount of federal
