Making Work Pay Credit and Form W-4 Employee’s Withholding Allowance Certificate
You may need a withholding “check up” due to tax law changes if you are:
- an employee with multiple jobs
- a married couple and both husband and wife work
- a retiree who receives a pension and does not have any wage income
- an employee who does not have a valid Social Security number
- an employee who can be claimed as a dependent on someone else’s return
- an employee who receives Social Security, SSI, Railroad Retirement or Veteran’s Disability Payments
If you fall into one of the above categories, the tax being withheld from your pay or pension under the Making Work Pay Credit may not be enough.
Not having enough tax withheld may reduce your refund or you may owe tax when you file your income tax return.
Don’t let withholding changes catch up with you when you file your 2009 or 2010 income tax return. Complete your withholding “check up” by following the steps below.
Step 1—Gather your pay stubs and a copy of your most recent tax return.
Step 2—Review Publication 919, How Do I Adjust My Tax Withholding? Or access the withholding calculator on IRS.gov.
Step 3—Give your employer a revised Form W-4. Pensioners can adjust their withholding by giving the pension payer a revised Form W-4P.
Visit IRS.gov/recovery for more details on the Making Work Pay Credit. Forms and publications are available on IRS.gov or by calling the IRS at 1-800-829-3676.
More information is also available at hr.osu.edu/payroll/tax.