Arch gives you an amended Form W-4 dated March 10,2017 on which he claims two additional withholding allowances.He asks you to refund the excess taxes that were deducted from January 1 to March 10 when Arch claimed only one withholding allowance.You should:

Question

Quizplus · Accepted Answer

The employer cannot refund the excess taxes that were already withheld before the employee submitted the amended Form W-4. The adjustment will have to be made when the employee files their annual income tax return. The employer can only adjust future withholding based on the new Form W-4 going forward.

Arch Gives You an Amended Form W-4 Dated March 10,2017