Screen W4 - Employee Withholding Allowance Certificate (1040)

Overview

Use this screen to enter information for completing W-4 certificates. (Use 1 W4 screen for each Form W-4.) UltraTax CS uses this information to complete worksheets and forms, including a projected withholding worksheet for up to 3 jobs based on the Form W4 data. This information transfers to the Tax Projection Worksheet when you enter
2
in the
Calculated income tax w/h (defaults to current year)
field in the TPW-2 screen.

Form W-4 - General Information

When you mark this checkbox, a diagnostic will generate to inform the taxpayer/spouse that they may need to contact the Social Security Administration at 800.772.1213 or www.ssa.gov.
If you are using Tax Projection Worksheet amounts for calculations, use this field to override the filing status on the 1040 or TPW screens.
Enter the number of jobs with which the taxpayer and spouse are currently employed. For example, if each person has 1 job, enter
1
in each field. UltraTax CS uses this information to calculate Form W-4 and its applicable worksheets.
UltraTax CS will clear Steps 2, 3, 4(a), and 4(b) of Form W-4 and print the literal "Exempt" on Form W-4, under Step 4(c).
See the Form W-4 instructions for further clarification on each of the items listed below.
  • Electing 2a (Tax Withholding Estimator at www.irs.gov/W4App)
  • Electing 2b (Multiple Jobs Worksheet)
  • Electing 2c (Only two jobs total)
UltraTax CS defaults to the number of children who qualify for the child tax credit in the current year. Use this field to override the number of children eligible for the child tax credit in Step 3.
Use this field to override the number of dependents used in the calculation for the Credit for other dependents in Step 3.
Use this field to override the calculated amount on Form W-4, Step 4(c).
When this field is marked, UltraTax CS uses the amounts you entered in the TPW and TPW-2 screens. If you didn't enter data in either Tax Projection Worksheet screen, UltraTax CS defaults to the current-year credits, except the following:
  • Education Credit
  • Adoption Credit
  • Credit for Prior Year Minimum Tax
If you want to include the listed credits in the tax projection calculation, enter an amount in the
Total estimated tax credits (Force)
field in the W4 screen.
Select the employer for which you want to print Form W-4. Leave this field blank if you want to complete Form W-4 for a new employer.
UltraTax CS uses wage amounts entered in the TPW screen if
X
is entered in the
Use Tax Projection Worksheet amounts
field, or the current-year wages if the field is blank. Enter an amount in this field to override those amounts.
Select the pay period (Semiannually, Quarterly, Monthly, Semimonthly, Biweekly, Weekly, Daily) for this job. UltraTax CS uses this information to calculate the projected withholding on the W-4 Withholding Worksheet. This field is mandatory.
Enter the number of pay periods remaining in the calendar year for the employer for whom the Form W-4 is being completed. For example, if this form is being completed in December, 2023, and the taxpayer is paid bi-weekly, there are 26 pay periods remaining. Therefore, enter
26
in this field.
Enter the amount withheld from wages for this job up to the current date. UltraTax CS uses this information to calculate the total projected withholding on the W-4 Withholding Worksheet.
Enter the total expected withholding from sources other than wages, such as withholding reported on Form 1099-R. Do not include estimated tax payments.
Enter
X
in this field to suppress the printing of Form W-4 and the W-4 Certificate of Withholding Worksheets. Filing instructions for Form W-4 will also be suppressed. This option can be used when calculating only the W-4 Withholding Worksheet.

Deductions and Adjustments

This section may be required to ensure there is enough withholding taken out based on itemized deductions, certain claimed credits, and certain claimed adjustments.
Use this field to override the UltraTax CS-calculated amount for total itemized deductions.
UltraTax CS automatically includes all adjustments from Form 1040 or the Tax Projection Worksheet. Use this field to override UltraTax CS-calculated amount.
Enter an amount in this field to override (force) the total estimated credits calculated.
UltraTax CS includes the following credits for the calculation.
  • Child tax credit (including additional child tax credit)
  • Credit for other dependents
  • Credit for the elderly
  • Credit for child and dependent care expenses
  • Education credit
  • Adoption credit
  • Foreign tax credit
  • Retirement savings contributions credit
  • Earned income credit
  • Premium tax credit
  • Mortgage interest credit
  • Credit for prior year minimum tax
  • Qualified electric vehicle credit
  • General business credit
  • Credit to holders of tax credit bond
Use this field to override (force) UltraTax CS-calculated amount on Form W-4, Step 4(a).

Employer Information

This section is used to enter employer information to print on the W-4 Withholding Certificate and is only applicable if Form W-4 will be given to the employer.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close