No federal tax

[Kroni473 10]

I started a job at a hardware store and got my paycheck. No federal tax was taken out. My wife, who is also my accountant cause she was a VP at a bank told me that they should take it out. Got my second pay check and the same thing happened. Is this normal? I read somewhere online that if you make a certain amount, the employer is not gonna take it out, is this true?

[aaron2020 11,651]

What did you put on your W-4?

Are you classified as an employee or an independent contractor?

If you are an employee, you should have Social Security and Medicare taxes withheld.

Edited July 14, 2015 by aaron2020

[Anh map 2,098]

Depending on what information you supplied on your W-4 you may not have met the threshold for having federal tax witheld.

[Kroni473 10]

They take stuff out for Social and Medicare but not the Federal. On my W-4 I put 0.

[TBoneTX 45,469]

*** Thread moved from Working & Traveling forum to the Tax & Finances forum. ***

[Kroni473 10]

Spoke to the owner of the store and he said based on the hours I make, I am not eligible. So hope that is right

[Anh map 2,098]

FWIW, working at a bank does not necessarily make someone an accountant.

If you need to have some money witheld to meet your projected family tax obligations then you can submit another W4 and indicate an amount to be witheld each pay period.

If you want to see the amounts that should be witheld for any income level check out this IRS publication (begin on page 45 unless you really enjoy boring reading) >>>> http://www.irs.gov/pub/irs-pdf/p15.pdf

[Kroni473 10]

I'm not saying my wife is an accountant. I'm saying she is MY accountant seeing that she has knowledge of the stuff. I don't cause where I'm from we don't file taxes. Thanks for the information. Appreciated