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JanJaw
May 6, 2021
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2020 W4

  • May 6, 2021
  • 1 reply
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An employee is completing a new 2020 revised Fed W4 for withholding.  Step 3 on the FedW4 form says “multiply number of other dependents by $500.   Employee entered $1,000 (2 dependents) as instructed.  My question is when entering their choices into Quickbooks desktop under 'employee center', 'payroll info', 'taxes', do I put in a 2 or $1,000?  Is Quickbooks asking for a $ amount of the # of dependents?  

Best answer by BigRedConsulting

Thanks for your reply.  Getting close.  When I choose dropdown box to select 2020 W4, the look and arrangement of boxes change from your example.  You can see it contains a decimal.  Since we don't have fractions of dependents, I questioned if QB wants the $ amount or a whole number that equates to the calculation in step 3 of Fed 2020 W4.  It does calculate differently when trying both ways.


Enter the dollar amounts that appear on the W-4 on lines 3 and 4(a), (b), and (c).

1 reply

JenoP
JenoP
May 6, 2021

Jumping in to hep with your question about the employee's tax setup, JanJaw.

 

Put in an amount in Step 3 for the Dependents claimed section. This is one of the changes made in Form W4 last 2020. 

 

Let me share these articles for more details: 

 

 

You can also check out this article for future reference: Edit or Change Employee Info in Payroll.

 

Feel free to check out this article as well for additional and future reference: Payroll Tax Compliance Links.

 

Please don't hesitate to reach out to us again if you need anything else. I'd be glad to jump right back and help you again. 

JenoP
JenoP
May 8, 2021

Hi EmoryK,

 

Hope you’re doing great. I wanted to see how everything is going about adding the employee's W4. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.

 

Looking forward to your reply. Have a pleasant day ahead!

J
JanJawAuthor
May 10, 2021

I have been to all of these links prior to posting my question, but still skips over my actual question.  I'm still asking when entering the information that the employee inserted into the 2020 W4 form, is QB asking for the dollar amount from section 3 of the W4 form or the number of dependents this represents?  So in other words if employee calculates 2 dependents x $500 = $1000 and inserts that into line 3 of W4.  Do I enter 2 or $1,000 into QB payroll, Federal taxes tab?  I attached a file to show where I am at in QB.  It is unclear if QB is asking for the $ amount or a whole number representing how many dependents.  

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