Friday, August 12, 2011

Is there any point in filing a W-4 form for past years?

The W-4 form has nothing to do with FICA withholding, which is set at a certain percentage of your pay. If you receive wages (reported on a W-2 form at the end of the year), then your employer is required to withhold the FICA. The W-4 only relates to federal tax withholding.

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