Tax Information and W-4 Information:
General Information:
An employee must complete the W-4 Form before Iowa
State University can pay them. There are two W-4's to complete, one for
Federal withholding and one for State withholding. Federal and State income
tax is withheld from wage payments based on marital status selected and
number of allowances claimed on line 5 of the W-4. Federal and State income
taxes are calculated after reducing the gross wage by pre-tax items such
as annuities and select benefits.
Employees may change their filing at any time by completing
a new W-4 form. Taxes will be withheld at the appropriate rate based on
the most current W-4 on file. No adjustment will be made for previous withholdings.
Filling out your
W-4's:
W-4 forms must be completed in ink (or typed) with
an original signature.
These forms require:
-
Name, the same as on your Social Security Card
- Address
- Social Security number
- Marital status, if no box is marked, the default is single
- Number of allowances, line 5, if left blank 0 (zero) will
be entered.
-
Additional deduction amount (if desired), line 6
The amount indicated on this line
will be in addition to the amount that would be withheld based on your marital
status and the number allowances claimed on line 5.
-
Exempt from Withholding, line 7. Can only be claimed if you meet the criteria
listed on the W-4.
-
Signature
-
Date
Federal and State
W-4's:
W-4 forms may be completed in the Payroll Office at
3608 ASB (Administrative Services Building) or Records Management Office 3810
Beardshear Hall. Also,
below are links to the Federal and State of Iowa W-4 forms. Pick a link
and print the form, then fill it out using the above instructions. Mail
the W-4s to the ISU Payroll Office, 3608 ASB, Ames, IA 50011-3608.
·Federal
W-4
·State
W-4
Illinois Residents
If you are a resident of Illinois and would prefer
that your state taxes be remitted Illinois and your earnings be reported
to the State of Illinois, you need to fill out the 44-016 "Employee's Statement
of Non-residence in Iowa" form.
An employee who fills out the Iowa Non-residence form
still needs to complete an Iowa W-4.If
you do not meet the criteria above for claiming an exempt status, do not
write "exempt" on the Iowa W-4.State
taxes, for an employee who fills out the Iowa Non-residence form are calculated
using Iowa's tax tables and remitted to Illinois. If
you change your residence from Illinois to another state, you must notify
Iowa State University Payroll Department within 10 days of the change.
Summary
Individual tax matters are the responsibility of each
employee. You should provide Iowa
State University with accurate information when establishing your tax status. Federal
and state regulations impose penalties for supplying false withholding
information.
Employees with tax questions can contact the ISU Payroll
Department at 294-6556, the Internal Revenue Service at 1-800-424-1040,
or the State of Iowa Department of Revenue at 1-800-367-3388.
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