The flat tax rate for withholding income tax from supplemental wages remains at 22% and at 37% for supplemental wages over $1 million. 2022 Form W-4 The 2022 Form W-4, Employee’s Withholding Certificate, can be viewed here. Show
Before completing the 2022 Form W-4, please read the instructions that are included with the form. You must complete Steps 1 and 5. Steps 2, 3, and 4 are optional, but completing them will help ensure that your federal income tax withholding will more accurately match your tax liability. Step 1 is for your personal information; Step 2 is for households with multiple jobs; Step 3 is used to claim tax credits for dependents; Step 4 is for other adjustments (additional income such as interest and dividends, itemized deductions that exceed the standard deduction, and extra tax you want withheld); and Step 5 is where you sign the form.
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