with a little background knowledge, all those tax terms can become a lot clearer. Each year, employers report your taxable income to you and to the IRS on a form known as a W-2. Then, you file your tax return using that
bingo winnings, raffle prizes and slot machine proceeds, on line 21 of Form 1040, under Other Income. If you have a Form W2-G, report the amount of taxes withheld from your winnings on line 64, "Federal income tax withheld from Forms W-2 and 1099." ...
Also, your tax return for that year must have covered the whole 12 months. You also don't have to pay estimated tax if you have a W2 job and the amount withheld will amount to at least 90 percent of your total tax bill. You can avoid paying estimated tax by increasing your employee...
You do not calculate exemptions on IRS Form W-4, Employee's Withholding Allowance Certificate, but rather on your IRSForm 1040, U.S. Individual Income Tax Return, when you file taxes. On your 1040, you are allowed one exemption for yourself, your child and each eligible dependent you have...