Historical Newspapers of South Carolina

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Clinton Mills ( along the Clinton L Clinton maintena _ Tax Willi Every payday your employer uses the information on the Form W-4 you completed to determine how much Federal income tax to withhold from your pay. Your employer uses the number of withholding allowances you claim on the Form W-4 to figure the amount of tax to withhold. So it is important to keep your Form W-4 up-to-date to reflect any changes in your withholding allowances. The more withholding allowances you claim, the less tax is withheld from your pay. i ne Tewer allowances you ciaim ine more tax is withheld. The instructions on Form W-4 explain how to figure the withholding allowances you are entitled to claim. File a new Form W-4 with your employer if necessary. You can get Form W-4 from your employers. You should check the number of your allowances if: ? Your marital status changes. ? Your dependent is born or dies. ? You begin or stop supporting a dependent. ? You or your spouse becomes 65 years old or blind. ? Your eligibility for the "special withholding allowance" changes. ? Your eligibility for additional withholdI n a allovi/anro ir\r r mrl i c Ar rir\A, .A?r m& ui.wnunvw i Ul Ui V-U I IJ \J I UCUULIIUII3 changes. If the number of allowances you are entitled to claim INCREASES, you may file a new Form W 4 at any time. If the number of allowances you are entitled to claim DECREASES to less than the number you are now claiming, you must file mi/im ) ?i 4 f tawA JWf * jay 4* Christmas float expressed the hap i parade route bearing the "Crafte< nee department. iholdina 9 a new Form W-4 within 10 days of the changes. You can estimate your taxes for the year by using the worksheet in Form 1040-ES, Estimated Tax for Individuals. Then you can decide whether to change the number of withholding allowances you are claiming so you can have less tax or more tax withheld. IF YOU WANT MORE TAX WITHHELD, you can claim fewer or zero allowances, or ask your employer to withhold more tax, or both. If you are married, you may also check the box "Married, but withhold at higher Single rate" on Form W-4. You probably will need to have more tax withheld if both you and your spouse are employed, or if you have more than one job. IF YOU WANT LESS TAX WITHHELD, you should claim all the allowances you are entitled to. However, if you work for more than one employer, you may not claim the same allowances with each one. If both you and your spouse are employed, you can divide allowances between you, but both cannot claim the same allowances. If you are eligible, you may claim any of the following withholding allowances: ? The "special withholding allowance" if you are single with one employer, or married with one employer and your spouse is not employed, you may still claim this allowance so long as the total wages earned on other jobs by you or your spouse (or both) is 10 percent or less of the combined total wages. ? Allowances for estimated itemized de ducations. ? Allowances for estimated tax credits a tL J JMfc. H py holiday season message to everyo i With Pride" logos. The float was cor p - -7^** W ?*,0" a**"**1 " such as the earned income credit, credit for child and dependent care expenses, credit for elderly, and residential energy credits. ? Allowances for income averaging. ? Allowances for alimony payments and the deduction for two-earner married couples. ? Allowances for moving expenses and i employee business expenses. ' ? Allowances for qualified retirement contributions such as to an Individual Re tirement Arrangement (IRA) and net losses on Schedules C, D, E and F of Form 1040. SEETHE INSTRUCTIONS ON FORM W-4 FOR MORE DETAILS. These allowances are used only to figure your withholding tax. Do not claim them as "Exemptions" when you file your tax return. If you expect to owe no taxes for 1984 and owed none for 1983, you may claim "exempt" status. This means that no Federal Address Correction Requested Season '<* C I ne as it passed istructed by the ?*??--gsi-: \ > \ ^ ? *?*^s^3 ' '? ?""?rf >?? ?*?*v *' \L. ra? < " , I .*>.?* -io^;, ? ? ** 2U * "^v-^. S* <?: rl. * ^ - ?*?"? ...?"" ...nnt**" . .? ,.m'x 1 income tax is withheld from your pay. (Your employer must still withhold social security tax, if applicable.) If you want to claim this exemption, write "Exempt" on the appropriate line of the Form W-4 you file with your employer for each year you claim exemption. If you began working during the year after a period of unemployment, too much tax may be withheld from your pay. To avoid this, ask your employer to use the "partyear" method of withholding for the rest of the year. If your name, address, or social security number is incorrect on your employer's records, please ask your employer to make the necessary correction. IF YOU CHANGE YOUR NAME, please contact the nearest Social Security Administration office as soon as possible. You must furnish evidence of your old and new names to get an updated social security card with your new name on it. BULK RATE U.S. POSTAGE PAID Clinton, S.C. Permit No. 59 Greeting*