The W4 is done by an employee and used by the employer to report the amount of salary that he will pay the employer inclusive of the tax he will withhold. W2 form is used to state the total inclusive tax that was withheld to an employer in the past. These two forms are very important when Someone is filing taxes. They can help one to calculate the tax that will be withheld thus relieving someone of a lot of stress. Also it help a persons employer to know how much money will be withheld depending on the rates that accustom to that employee. The rates include the marital status rates like the marriage and single rate. Its good to know that the marriage rate is lower than the single rate. Diverse things are considered before filling out these forms. One of the major factors to consider is social security number. Having a social security number is essential. If you have a social security number then it needs to be in use. This is because when the employer does the payment of the withheld tax to the tax institute in your country then he needs to make it using your number. When he does payment using your social security number then this is seen in the tax billing, View here for more details.
Marital status of the other thing to Have in consideration. Its good to know where you lie when it comes to marital status. The withheld tax is calculated from rates got from your Marital status. Before you fill this Form then its good to know that the marital status section is not straightforward as you might think. This is because when you are divorced then you might not know what you will fill so the form has a section whereby you are told what you should do. The another factor to have in consideration is name changes. This is important since a person needs his tax to be withheld at the highest possible rate. When you get married and have a new name then this means that you have to change it also in your social security number. Changing your name helps the employer to use your new Marital status to determine the rate that will be used for your withheld tax.
The other thing to consider is the total allowances you will receive. This then means the fewer allowances you get then the more withheld tax. Therefore this information is important for the employer to have so that he can make the right decision. The other factor to have in consideration is your information. This information means your name and address. To be able not to get into a state of confusion than its important that you know your address and name. Find out your address number in terms of country and town where you live. Filling of this forms is essential to make your tax filing made easier. Gather more facts by clicking here: https://en.wikipedia.org/wiki/Payroll_automation