Should I file w2 form upon employment?

Question

I got my first paycheck this week and was shocked to see how much taxes I had to pay. Anyway, my employer didn't give me any form to fill, and I have a child to claim as a dependent. Can I get the money returned when filing taxes or would my net pay be higher if I would claim a dependent now?
Can you claim a dependent somebody who lives in the same household with you, but is not working and is not related to you?
Thanks.

Answer 1

Depends on their age, whether or not they can be claimed. You should file your taxes all the time. If you don't IRS and state will catch up with you and you might owe them a lot of money. Definitely file if you have a child.

Answer 2

The form you are thinking of is a W-4, not a W-2. Follow the instructions on the W-4. The changes will affect future paychecks only.

In terms of dependents, *if* you meet all of the tests, you can claim someone as a "qualifying relative" even if they are not related to you. However, they must live with you all year, must have had less than $3400 of income and you must be able to show how *YOU* provided more than half of their total support. If they are living off of savings, they are providing their own support.

By the way, since everyone is glossing over it, the number on the W-4 is called an "allowance." The number of people on your tax return is called an exemption (you plus any dependent you can legally claim). The number do not have to match. However, if you claim, say, 4 on the W-4 and just you on the tax return, you will most likely owe taxes at tax time. If you claim, say, 10, on the W-4 the IRS is likely to send a lock in letter to your employer saying that he is to honor a 1 or a 0 on the W-4 from now on.

Answer 3

When you started your job, your employer should have given you a W-4 form, not a W-2, to fill out to say how much tax to take out. Ask them for one.

Any extra money taken out will be refunded when you file your return, but you have to be allowed to fill out a W-4 and have less taken out in the first place.

Now, about that dependent. If it's a child who isn't related to you, but one of his parents also lives in the household with you, no you can't claim the child even if you provided all of his or her support for the year. That rule changed in 2004 - before that you could if you met certain rules, now you can't.

If the dependent is another adult, then you might be able to claim the person as a dependent if they lived with you ALL year, their gross income was under $3400, and your relationship doesn't violate any local laws, even if they aren't enforced.

Take the very common situation of someone with a live in girlfriend, boyfriend, or fiance, and a child who belongs to one or both of them.. If the gf/bf/fiance doesn't work, lives with the person all year, and their relationship isn't illegal under local law, then the person can claim the gf/bf/fiance. They can claim the child if and only if the child is the biological child of the person who claims them.

Answer 4

What you need to file out for your employer is a W-4 Form, not a W-2. The W-4 tells your employer how much tax to withhold based on your filing status and number of dependents.

Answer 5

remember, when you claim dependents, it is telling the government to not take so much out of your paycheck, so if you claim alot of dependents your paychecks are more, but there is a chance that you will have to PAY taxes when you file them. You dont fill out your W2, that will be done by your employer, you just tell them how many dependents you want to claim. I am married but we still file as married but at a higher rate of single.
To answer the part of if you can claim someone who lives with you, the answer is yes, you can claim as many people as you want, but again, you might have to pay instead of get a refund.

Answer 6

it's a W-4, not a W-2 and it should have been one of many standard forms you should have filled out when hired - the I-9 is another required one. What ever you file on the W-4 now will affect whether you owe taxes at tax return time or will get a refund - just file you actual status - married or single and 1 for yourself, plus any other children you pay at least 50% support for

Answer 7

Are you an employee or an employer?
If you're an employee, the form you need to file for your withholding adjustment is W-4 "Employee's Withholding Allowance Certificate".

If you're an employer you need file W-2 "Wage and Tax Statement", for wages paid for each employee from whom income, social security and medicare tax was withheld.

Somebody (not your kid, step kid etc.,) living with you in the same household can be a "Qualifying Relative" to you, if he/she meet certain requirements.

Qualifying Relative (QR)must be a US citizen and/or a permanent resident:

1. The person can't be anybody else's QR or Qchild.
2. Gross income is less than $3400
3. You must support the person's more than half of the cost of living.
4. A person is your relative (not cousin)
5. If not relative( including your cousin), a person must lived with you all year as a member of your household

You probably need to see more info, please click below link.

Answer 8

You need to talk to the person who prepares payroll. They should have given you a W-4 form to fill out BEFORE your payroll was prepared. Form W-4 tells your employer how many exemptions you are claiming which impacts how much taxes are deducted. They obviously made an error and can correct it on your next pay check. Hopefully, they will do the right thing. If not, you should report them to your state labor commission.

Answer 9

if you ask your employer to make the adjustment now, you should see less of your check held for taxes. and, i am fairly sure you can not claim your non-related friend as a dependent. however, it may not hurt to ask an accountant when u file taxes in april. hey, welcome to the workforce. good luck. also, you just need to have your employed make the change. you do not have to file a w-2. they will give that to you at years end to verify your gross pay and deductions.

Answer 10

You need to fill out a W-2, this is the only way your employer and the payroll company they use knows what you are claiming. There is no way to get the money back from the first check, they may be able to adjust the second check to even things out.