›

Fed Withholding Exemptions Limit

NeferlawNeferlaw 22 Posts
in HR & Employment Law Vote Up0Vote Down
I have an employee who is single with one child, owns home, and who now wants to claim 9 withholding exemptions. Does anyone know what the withholding limit is? Thanks for your help.
Share on Facebook Share on Twitter

Comments

  • 3 Comments sorted by Votes Date Added
  • Donna BankerDonna Banker 17 Posts
    PMVote Up0Vote Down
    Check your Circular E pamphlet from the IRS. If you don't have one, go to the IRS website under Forms & Publications.
    Share on Facebook Share on Twitter
  • RockieRockie 2,136 Posts
    PMVote Up0Vote Down
    I believe anything over 8 will trigger the IRS to question.
    Share on Facebook Share on Twitter
  • HRMaidenHRMaiden 50 Posts
    PMVote Up0Vote Down
    According to the Circular E for 2003, "Generally, you must send to the IRS copies of certain Forms W-4 received during the quarter from employees still employed by you at the end of the quarter. Send copies when the employee claims (a) more than 10 withholding allowances or (b) exemption from withholding and his or her wages woud ormally be more than $200 per week. Send the copies to the IRS office where you file your Form 941. You are not required to send any other Forms W-4 unless the IRS notifies you in writing to do so." This information is on page 14 of the Circular E. You do not have to do anything with the W-4 that your employee completed other than file it in your files.
    Share on Facebook Share on Twitter
Sign In or Register to comment.