If this line is blank, youre employer will use an amount based on your IRS Form W-4.
a. Enter the appropriate amount from Table 1, based on your federal standard deduction and number of jobs; OR
b. . Complete Worksheet 1 and enter the result here, if you expect to claim additional federal deductions or the Colorado child tax credit, or if you (and your spouse, if filing jointly) have multiple jobs but earn most of your income from one job.
If you want a greater amount withheld, you may enter a smaller amount than either calculation, including zero, and/or you may complete Line 3.
Enter any additional tax you want withheld from each paycheck. If you expect to receive other income that will not have withholding, you may complete Worksheet 2 and include the result here.
How much do you earn per paycheck?
You must enter in a value greather than zero (0) above to continue!
Do you have any pre-tax deductions that come out of your paycheck?
Please enter in the total amount of pre-tax deductions which are deducted from each paycheck?
**The above number is an estimation and should only be used as a reference point. Questions regarding the amounts you are paid, deducted, or taxed should all be brought to your employer for further clarification. Workforce 2080 provides these estimations to assist employees and employers determine a rough estimation of what taxes, payments, or deductions *could* be. These estimations should not be construed as implict or explicit guarantees in any way. Many factors come into play, such as rounding of figures in Payroll Software, errors in the submission through this portal etc. Workforce 2080 assumes no risk with these estimations and provides these tools to help educate the general population. All users who use these products and estimators outside of their intended use assume risk when used outside of the scope of educational and general knowledge.
Last Updated on 5/18/2024 @ 12:00 PM CDT