Common use of Basic instructions Clause in Contracts

Basic instructions. If you are not exempt, complete the Personal Allowances Worksheet below. The worksheets on page 2 further adjust your withholding allowances based on itemized deductions, certain credits, adjustments to income, or two-earners/multiple jobs situations. Complete all worksheets that apply. However, you may claim fewer (or zero) allowances. For regular wages, withholding must be based on allowances you claimed and may not be a flat amount or percentage of wages. Tax credits. You can take projected tax credits into account in figuring your allowable number of withholding allowances. Credits for child or dependent care expenses and the child tax credit may be claimed using the Personal Allowances Worksheet below. See Pub. 505 for information on converting your other credits into withholding allowances. income, see Pub. 505 to find out if you should adjust your withholding on Form W-4 or W-4P. W-4. Your withholding usually will be most accurate when all allowances are claimed on the Form W-4 for the highest paying job and zero allowances are claimed on the others. See Pub. 505 for details. Future developments. Information about any future developments affecting Form W-4 (such as legislation enacted after we release it) will be posted at xxx.xxx.xxx/x0. A Enter “1” for yourself if no one else can claim you as a dependent . . . . . . . . . . . . . . . . . . A { • You are single and have only one job; or }