If you submit a federal Form W-4 to your employer for tax year 2020 or later, and do not file New York State Form IT-2104, your employer may use zero as your number of allowances. Due to differences in federal and New York State tax law, this may result in the wrong amount of tax withheld for New York State, New York City, and Yonkers. If the most recent federal Form W-4 you submitted to your employer was for tax year 2019 or earlier, and you did not file New York State Form IT-2104, your employer may use the same number of allowances you claimed on your federal Form W-4. the IRS (Internal Revenue Service) advised you that you are entitled to fewer allowances than claimed on your original federal Form W-4 (submitted to your employer for tax year 2019 or earlier), and you claimed the disallowed allowances on your original Form IT-2104.you no longer qualify for exemption from withholding.you owed tax or received a large refund when you filed your personal income tax return for the past year.you are eligible for New York State credits (like the earned income, child and dependent care, or college tuition credits).you itemize your deductions on your personal income tax return.you are a covered employee of an employer that has elected to participate in the Employer Compensation Expense Program.you have significantly more or less income from other sources or from another job, including self-employment.the total of your income and your spouse’s income increased to $107,650 or more for the tax year.your wages increased and you expect to earn $107,650 or more during the tax year.you moved into or out of New York City or Yonkers.you became divorced or legally separated.Who should file this formĬomplete Form IT-2104 each year and file it with your employer if any of the following apply: Life changes
If you previously filed a Form IT-2104 and used the worksheet or charts, you should complete a new 2023 Form IT-2104 and give it to your employer. The worksheet and the charts below, used to compute withholding allowances or to enter an additional dollar amount on line 3, 4, or 5, have been revised. Changes effective beginning 2022įorm IT-2104 has been revised for tax year 2022.
more than $1,616,450, and who are head of household.Īccordingly, if you previously filed a Form IT-2104 and earn more than the amounts listed above, you should complete a new 2023 Form IT-2104 and give it to your employer.more than $1,077,550, and who are single or married filing separately or.more than $2,155,350, and who are married filing jointly or a qualifying surviving spouse.Changes to New York State personal income tax have caused withholding tax changes for taxpayers with taxable income: The 2021-2022 New York State budget was signed into law on April 19, 2021. A larger number of withholding allowances means a smaller New York income tax deduction from your paycheck, and a smaller number of allowances means a larger New York income tax deduction from your paycheck. DefinitionĪllowances: A withholding allowance is an exemption that lowers the amount of income tax your employer must deduct from your paycheck. The more allowances you claim, the lower the amount of tax your employer will withhold from your paycheck. Your employer will use the information you provide on this form-including residency, marital status, and allowances-to withhold these taxes from your pay. Form IT-2104 is completed by you, as an employee, and given to your employer to instruct them how much New York State (and New York City and Yonkers) tax to withhold from your pay and send to the New York State Tax Department on your behalf.
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