New W-4s Required for Employees Claiming Exempt Status

December, 2009


Deadline reminder:  Employees claiming exempt on their W-4 must complete a new form before February 16, 2010, if they wish to continue exempt status.

The new Form W-4 for 2010 is now available.

Employees who claimed exempt status in 2009 and wish to continue their exemption for 2010 must submit a new form, completing Boxes 1-4 and 7 along with their signature and returning the form to the payroll department by February 16, 2010. Employees may not claim exempt status in 2010 if their income exceeds $950, includes more than $300 of unearned income, and they can be claimed as a dependent on another person's tax return.

If an employee whose exemption expires on February 16 does not file a new form, withhold as if the employee were single claiming no withholding allowances until he/she submits a new Form W-4.

 

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