Get Nc 4 Form

Get Nc 4 Form

The NC-4 form is the Employee’s Withholding Allowance Certificate used in North Carolina to determine the correct amount of state income tax to be withheld from an employee's paycheck. By completing this form, employees can specify their withholding allowances, which directly impacts their take-home pay. It is essential to fill out the NC-4 accurately to ensure compliance with tax regulations and avoid potential penalties.

To begin the process of filling out the NC-4 form, please click the button below.

Structure

The NC-4 form is an essential document for employees in North Carolina, designed to ensure that state income tax is withheld accurately from their paychecks. This form allows employees to declare their withholding allowances, which can significantly impact the amount of tax deducted from their earnings. By completing the NC-4, employees provide their employers with the necessary information to determine the correct withholding amount based on their personal financial situation. If an employee does not submit this form, the employer must withhold taxes as if the employee is single with zero allowances, potentially resulting in higher tax deductions than necessary. The NC-4 also includes options for specific situations, such as the NC-4 EZ for those claiming the standard deduction or the NC-4 NRA for nonresident aliens. Completing the NC-4 involves a worksheet that helps individuals assess their eligibility for various allowances, including those related to child deductions and itemized deductions. It’s crucial to review and update the form whenever there are changes in employment or personal circumstances, ensuring that tax withholdings remain accurate throughout the year.

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11-19

NC-4

Employee’s Withholding Allowance Certificate

PURPOSE - Complete Form NC-4 so that your employer can withhold the correct amount of State income tax from your pay. If you do not provide an NC-4 to your employer, your employer is required to withhold based on the filing status, “Single” with zero allowances.

FORM NC-4 EZ - You may use Form NC4-EZ if you plan to claim either the N.C. Standard Deduction or the N.C. Child Deduction Amount (but no other N.C. deductions), and you do not plan to claim any N.C. tax credits.

FORM NC-4 NRA - If you are a nonresident alien you must use Form NC-4 NRA. In general, a nonresident alien is an alien (not a U.S. citizen) who has not passed the green card test or the substantial presence test. (See Publication 519, U.S. Tax Guide for Aliens, for more information on the green card test and the substantial presence test.)

FORM NC-4 BASIC INSTRUCTIONS - Complete the NC-4 Allowance Worksheet. The worksheet will help you determine your withholding allowances based on federal and State adjustments to gross income

including the N.C. Child Deduction Amount, N.C. itemized deductions, and N.C. tax credits. However, you may claim fewer allowances than

you are entitled to if you wish to increase the tax withheld during the tax year. If your withholding allowances decrease, you must file a new NC-4 with your employer within 10 days after the change occurs. Exception:

When an individual ceases to be “Head of Household” after maintaining the household for the major portion of the year, a new NC-4 is not required until the next year.

TWO OR MORE JOBS - If you have more than one job, determine the total number of allowances you are entitled to claim on all jobs using one Form

NC-4 Allowance Worksheet. Your withholding will usually be most accurate when all allowances are claimed on the NC-4 filed for the higher paying job and zero allowances are claimed for the other. You should also refer to the

“Multiple Jobs Table” to determine the additional amount to be withheld on Line 2 of Form NC-4 (See page 4).

NONWAGE INCOME - If you have a large amount of nonwage income, such as interest or dividends, you should consider making estimated tax

payments using Form NC-40 to avoid underpayment of estimated tax interest. Form NC-40 is available on the Department’s website at www.

ncdor.gov.

HEAD OF HOUSEHOLD - Generally you may claim “Head of Household” filing status on your tax return only if you are unmarried and pay more than 50% of the costs of keeping up a home for yourself and your dependent(s)

or other qualifying individuals.

SURVIVING SPOUSE - You may claim “Surviving Spouse” filing status only if your spouse died in either of the two preceding tax years and you meet the following requirements:

1.Your home is maintained as the main household of a child or stepchild for whom you can claim a federal exemption; and

2.You were entitled to file a joint return with your spouse in the year of your spouse’s death.

MARRIED TAXPAYERS - For married taxpayers, both spouses must agree as to whether they will complete the NC-4 Allowance Worksheet based on

the filing status, “Married Filing Jointly” or “Married Filing Separately.”

Married taxpayers who complete the worksheet based on the filing status, “Married Filing Jointly” should consider the sum of both spouses’ income, federal and State adjustments to income, and State tax credits to determine the number of allowances.

Married taxpayers who complete the worksheet based on the filing status, “Married Filing Separately” should consider only his or her portion of income, federal and State adjustments to income, and State tax credits to determine the number of allowances.

All NC-4 forms are subject to review by the North Carolina Department of Revenue. Your employer may be required to send this form to the North Carolina Department of Revenue.

CAUTION: If you furnish an employer with an Employee’s Withholding Allowance Certificate that contains information which has no reasonable basis and results in a lesser amount of tax being withheld than would have been withheld had you furnished reasonable information, you are subject to a penalty of 50% of the amount not properly withheld.

Cut here and give this certificate to your employer. Keep the top portion for your records.

NC-4

WebEmployee’s Withholding Allowance Certificate

10-17

1.Total number of allowances you are claiming

(Enter zero (0), or the number of allowances from Page 2, Line 17 of the NC-4 Allowance Worksheet)

2. Additional amount, if any, withheld from each pay period (Enter whole dollars)

,.00

Social Security Number

Filing Status

 

 

Single or Married Filing Separately

Head of Household

Married Filing Jointly or Surviving Spouse

First Name (USE CAPITAL LETTERS FOR YOUR NAME AND ADDRESS)

M.I.

 

 

Last Name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

County (Enter first five letters)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

State

Zip Code (5 Digit)

 

 

Country (If not U.S.)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee’s Signature

Date

I certify, under penalties provided by law, that I am entitled to the number of withholding allowances claimed on Line 1 above.

 

 

NC-4 Allowance Worksheet

 

 

 

PART I

 

Answer all of the following questions for your filing status.

 

 

 

 

 

 

 

 

 

 

 

 

 

Single -

 

 

 

 

 

 

1.

Will your N.C. itemized deductions from Page 3, Schedule 1 exceed $13,249?

Yes

o

No

o

 

 

2.

Will your N.C. Child Deduction Amount from Page 3, Schedule 2 exceed $2,499?

Yes

o

No

o

 

 

3.

Will you have federal adjustments or State deductions from income?

Yes

o

No

o

 

 

4.

Will you be able to claim any N.C. tax credits or tax credit carryovers?

Yes

o

No

o

 

 

If you answered “No” to all of the above, STOP HERE and enter ZERO (0) as total allowances on Form NC-4, Line 1.

 

 

If you answered “Yes” to any of the above, you may choose to go to Page 2, Part II to determine if you qualify for

 

 

additional allowances. Otherwise, enter ZERO (0) on Form NC-4, Line 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Married Filing Jointly -

 

 

 

 

 

 

1.

Will your N.C. itemized deductions from Page 3, Schedule 1 exceed $23,999?

Yes

o

No

o

 

 

2.

Will your N.C. Child Deduction Amount from Page 3, Schedule 2 exceed $2,499?

Yes

o

No

o

 

 

3.

Will you have federal adjustments or State deductions from income?

Yes

o

No

o

 

 

4.

Will you be able to claim any N.C. tax credits or tax credit carryovers?

Yes

o

No

o

 

 

5.

Will your spouse receive combined wages and taxable retirement benefits of

 

 

 

 

 

 

 

less than $8,250 or only retirement benefits not subject to N.C. income tax?

Yes

o

No

o

 

 

If you answered “No” to all of the above, STOP HERE and enter ZERO (0) as total allowances on Form NC-4, Line 1.

 

 

If you answered “Yes” to any of the above, you may choose to go to Page 2, Part II to determine if you qualify for

 

 

additional allowances. Otherwise, enter ZERO (0) on Form NC-4, Line 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Married Filing Separately -

 

 

 

 

 

 

1.

Will your portion of N.C. itemized deductions from Page 3, Schedule 1 exceed $13,249?

Yes

o

No

o

 

 

2.

Will your N.C. Child Deduction Amount from Page 3, Schedule 2 exceed $2,499?

Yes

o

No

o

 

 

3.

Will you have federal adjustments or State deductions from income?

Yes

o

No

o

 

 

4.

Will you be able to claim any N.C. tax credits or tax credit carryovers?

Yes

o

No

o

 

 

If you answered “No” to all of the above, STOP HERE and enter ZERO (0) as total allowances on Form NC-4, Line 1.

 

 

If you answered “Yes” to any of the above, you may choose to go to Page 2, Part II to determine if you qualify for

 

 

additional allowances. Otherwise, enter ZERO (0) on Form NC-4, Line 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Head of Household-

 

 

 

 

 

 

1.

Will your N.C. itemized deductions from Page 3, Schedule 1 exceed $18,624?

Yes

o

No

o

 

 

2.

Will your N.C. Child Deduction Amount from Page 3, Schedule 2 exceed $2,499?

Yes

o

No

o

 

 

3.

Will you have federal adjustments or State deductions from income?

Yes

o

No

o

 

 

4.

Will you be able to claim any N.C. tax credits or tax credit carryovers?

Yes

o

No

o

 

 

If you answered “No” to all of the above, STOP HERE and enter ZERO (0) as total allowances on Form NC-4, Line 1.

 

 

If you answered “Yes” to any of the above, you may choose to go to Page 2, Part II to determine if you qualify for

 

 

additional allowances. Otherwise, enter ZERO (0) on Form NC-4, Line 1.

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 1

NC-4 Allowance Worksheet

Surviving Spouse -

 

 

 

 

1.

Will your N.C. itemized deductions from Page 3, Schedule 1 exceed 23,999?

Yes

o

No

o

2.

Will your N.C. Child Deduction Amount from Page 3, Schedule 2 exceed $2,499?

Yes

o

No

o

3.

Will you have federal adjustments or State deductions from income?

Yes

o

No

o

4.

Will you be able to claim any N.C. tax credits or tax credit carryovers?

Yes

o

No

o

If you answered “No” to all of the above, STOP HERE and enter FOUR (4) as total allowances on Form NC-4, Line 1.

If you answered “Yes” to any of the above, you may choose to go to Part II to determine if you qualify for additional

allowances. Otherwise, enter FOUR (4) on Form NC-4, Line 1.

 

 

 

 

NC-4 Part II

1.

Enter your total estimated N.C. itemized deductions from Page 3, Schedule 1

.....................................................

1.

_______________________$

.

 

 

 

2.

Enter the applicable

{

$10,750 if Single

 

 

 

 

 

 

N.C. standard deduction

$21,500 if Married Filing Jointly or Surviving Spouse

 

 

 

 

based on your filing status.

$10,750 if Married Filing Separately

 

 

 

_______________________$

.

 

 

$16,125 if Head of Household

 

2.

3.

Subtract Line 2 from Line 1. If Line 1 is less than Line 2, enter ZERO (0)

 

3.

_______________________$

.

 

 

4.

Enter an estimate of your total N.C. Child Deduction Amount from Page 3, Schedule 2

4.

_______________________$

.

 

5.

Enter an estimate of your total federal adjustments to income and State deductions from

 

_______________________$

.

 

federal adjusted gross income

................................................................................................................................

 

 

5.

 

 

 

 

 

 

6.

Add Lines 3, 4, and 5

 

 

 

6.

_______________________$

.

 

 

 

 

7.

Enter an estimate of your nonwage income (such as dividends or interest)

7.

$_____________________

.

 

 

 

 

 

8.Enter an estimate of your State additions to federal adjusted gross

 

income

8.

$

.

 

 

 

 

 

 

9.

Add Lines 7 and 8

 

9.

$

.

 

 

10.

Subtract Line 9 from Line 6 (Do not enter less than zero)

 

10.

$

.

 

 

11.

Divide the amount on Line 10 by $2,500 . Round down to whole number

 

11.

_______________________

 

Ex. $3,900 ÷ $2,500 = 1.56 rounds down to 1

 

 

 

 

 

12.

Enter the amount of your estimated N.C. tax credits

12.

$

.

 

 

 

 

 

13.

Divide the amount on Line 12 by $134. Round down to whole number

 

13.

_______________________

 

Ex. $200 ÷ $134 = 1.49 rounds down to 1

 

 

 

 

 

14. If filing as Single, Head of Household, or Married Filing Separately, enter zero (0) on this line. If filing as Surviving Spouse, enter 4.

If filing as Married Filing Jointly, enter the appropriate number from either (a), (b), (c), (d), or (e) below.

(a)Your spouse expects to have combined wages and taxable retirement benefits of $0 for N.C. purposes, enter 4. (Taxable retirement benefits do not include: Bailey, Social Security, and Railroad retirement)

(b)Your spouse expects to have combined wages and taxable retirement benefits of more than $0 but less than or equal to $3,250, enter 3.

(c)Your spouse expects to have combined wages and taxable retirement benefits of more than $3,250 but less than or equal to $5,750, enter 2.

(d)Your spouse expects to have combined wages and taxable retirement benefits of more than $5,750 but less than or equal to $8,250, enter 1.

(e)Your spouse expects to have combined wages and taxable retirement benefits of more than

$8,250, enter 0

14.

_______________________

 

15. Add Lines 11, 13, and 14, and enter the total here

15.

_______________________

 

16. If you completed this worksheet on the basis of Married Filing Jointly, the total number of allowances determined

 

 

 

on Line 15 may be split between you and your spouse, however, you choose. Enter the number of allowances

 

 

 

 

from Line 15 that your spouse plans to claim

16.

_______________________

 

17. Subtract Line 16 from Line 15 and enter the total number of allowances here and on Line 1 of your

 

 

 

 

Form NC-4, Employee’s Withholding Allowance Certificate

17.

_______________________

 

 

 

 

 

 

 

Page

 

2

 

 

 

 

 

NC-4 Allowance Worksheet Schedules

Important: If you cannot reasonably estimate the amount to enter in the schedules below, you should enter ZERO (0) on Line 1, NC-4.

Schedule 1

Estimated N.C. Itemized Deductions

 

 

 

Qualifying mortgage interest

$

.

 

 

Real estate property taxes

$

.

 

.

Total qualifying mortgage interest and real estate property taxes*

$

Charitable Contributions (Same as allowed for federal purposes)

$

.

Medical and Dental Expenses (Same as allowed for federal purposes)

$

.

Total estimated N.C. itemized deductions. Enter on Page 2, Part II, Line 1

 

$

.

*The sum of your qualified mortgage interest and real estate property taxes may not exceed $20,000. For married taxpayers, the $20,000 limitation applies to the combined total of qualified mortgage interest and real estate property

taxes claimed by both spouses, rather than to each spouse separately.

Schedule 2

Estimated N.C. Child Deduction Amount

A taxpayer who is allowed a federal child tax credit under section 24 of the Internal Revenue Code is allowed a deduction for each dependent child unless adjusted gross income exceeds the threshold amount shown below.

The N.C. Child Deduction Amount can be claimed only for a child who is under 17 years of age on the last day of the year.

 

 

 

Deduction

 

 

 

No. of

Amount per

Estimated

Filing Status

Adjusted Gross Income

Children

Qualifying Child

Deduction

Single

Up to

$

20,000

 

Over

$

20,000

 

Over

$

30,000

 

Over

$

40,000

 

Over

$

50,000

 

Over

$

60,000

MFJ or SS

Up to

$

40,000

 

Over

$

40,000

 

Over

$

60,000

 

Over

$

80,000

 

Over

$

100,000

 

Over

$

120,000

HOH

Up to

$

30,000

 

Over

$

30,000

 

Over

$

45,000

 

Over

$

60,000

 

Over

$

75,000

 

Over

$

90,000

MFS

Up to

$

20,000

 

Over

$

20,000

 

Over

$

30,000

 

Over

$

40,000

 

Over

$

50,000

 

Over

$

60,000

 

 

 

_____________

$

2,500

______________

Up to

$

30,000

_____________

$

2,000

______________

Up to

$

40,000

_____________

$

1,500

______________

Up to

$

50,000

_____________

$

1,000

______________

Up to

$

60,000

_____________

$

500

______________

 

 

 

_____________

$

-

______________

 

 

 

_____________

$

2,500

______________

Up to

$

60,000

_____________

$

2,000

______________

Up to

$

80,000

_____________

$

1,500

______________

Up to

$

100,000

_____________

$

1,000

______________

Up to

$

120,000

_____________

$

500

______________

 

 

 

_____________

$

-

______________

 

 

 

_____________

$

2,500

______________

Up to

$

45,000

_____________

$

2,000

______________

Up to

$

60,000

_____________

$

1,500

______________

Up to

$

75,000

_____________

$

1,000

______________

Up to

$

90,000

_____________

$

500

______________

 

 

 

_____________

$

-

______________

 

 

 

_____________

$

2,500

______________

Up to

$

30,000

_____________

$

2,000

______________

Up to

$

40,000

_____________

$

1,500

______________

Up to

$

50,000

_____________

$

1,000

______________

Up to

$

60,000

_____________

$

500

______________

 

 

 

_____________

$

-

______________

Page 3

Multiple Jobs Table

Find the amount of your estimated annual wages from your lowest paying job(s) in the left hand column. Follow across to find the amount of additional tax to be withheld for each pay period. Enter the additional amount to be withheld on Line 2 of your Form NC-4.

Additional Withholding for Single, Married, or Surviving Spouse with Multiple Jobs

Estimated Annual Wages

 

Payroll Period

 

At Least

But Less Than

Monthly

Semimonthly

Biweekly

Weekly

 

 

 

 

 

 

0

1000

2

1

1

1

1000

2000

7

3

3

2

 

 

 

 

 

 

2000

3000

11

6

5

3

 

 

 

 

 

 

3000

4000

16

8

7

4

 

 

 

 

 

 

4000

5000

20

10

9

5

 

 

 

 

 

 

5000

6000

25

12

11

6

 

 

 

 

 

 

6000

7000

29

14

13

7

7000

8000

33

17

15

8

 

 

 

 

 

 

8000

9000

38

19

17

9

9000

10000

42

21

20

10

10000

10750

46

23

21

11

 

 

 

 

 

 

10750

Unlimited

48

24

22

11

Additional Withholding for Head of Household Filers with Multiple Jobs

Estimated Annual Wages

 

Payroll Period

 

At Least

But Less Than

Monthly

Semimonthly

Biweekly

Weekly

 

 

 

 

 

 

0

1000

2

1

1

1

 

 

 

 

 

 

1000

2000

7

3

3

2

2000

3000

11

6

5

3

 

 

 

 

 

 

3000

4000

16

8

7

4

4000

5000

20

10

9

5

5000

6000

25

12

11

6

6000

7000

29

14

13

7

7000

8000

33

17

15

8

8000

9000

38

19

17

9

9000

10000

42

21

20

10

10000

11000

47

23

22

11

11000

12000

51

26

24

12

12000

13000

56

28

26

13

13000

14000

60

30

28

14

14000

15000

65

32

30

15

15000

16000

69

35

32

16

16000

Unlimited

71

36

33

16

Page 4

Document Data

Fact Name Description Governing Law
Purpose The NC-4 form is used to inform employers of the correct amount of state income tax to withhold from employee paychecks. North Carolina General Statutes § 105-163.1
Filing Status Employees can claim allowances based on their filing status, including Single, Married Filing Jointly, Married Filing Separately, Head of Household, and Surviving Spouse. North Carolina General Statutes § 105-163.1
Allowances Employees may claim a total number of allowances, which can reduce the amount of tax withheld. The NC-4 Allowance Worksheet assists in determining the correct number. North Carolina General Statutes § 105-163.1
Nonresident Aliens Nonresident aliens must use Form NC-4 NRA instead of the standard NC-4 form to report their withholding allowances. North Carolina General Statutes § 105-163.1
Multiple Jobs Employees with multiple jobs should complete one NC-4 form for their highest-paying job and zero allowances for others to ensure accurate withholding. North Carolina General Statutes § 105-163.1
Penalties Providing false information on the NC-4 may result in a penalty of 50% of the amount not properly withheld. North Carolina General Statutes § 105-163.1
Submission Guidelines Employers must submit the original NC-4 form to the North Carolina Department of Revenue and retain copies for their records. North Carolina General Statutes § 105-163.1

How to Use Nc 4

Completing the NC-4 form is essential for ensuring accurate state income tax withholding from your paycheck. This process requires careful attention to detail to avoid potential penalties for incorrect information. Below are the steps to fill out the NC-4 form properly.

  1. Obtain the NC-4 form from your employer or download it from the North Carolina Department of Revenue website.
  2. Use blue or black ink to fill out the form; do not use red ink.
  3. Do not include dollar signs, commas, or any other punctuation marks when entering amounts.
  4. Enter your Social Security Number in the designated space.
  5. Select your filing status from the options provided: Single, Married Filing Separately, Head of Household, Married Filing Jointly, or Surviving Spouse.
  6. Fill in your first name, middle initial, and last name in capital letters.
  7. Provide your address, including the county, city, state, and zip code.
  8. In Line 1, enter the total number of allowances you are claiming based on the NC-4 Allowance Worksheet.
  9. If applicable, specify any additional amount you wish to have withheld from each pay period in Line 2.
  10. Sign and date the form to certify that the information provided is accurate.
  11. Submit the completed form to your employer and keep a copy for your records.

Key Facts about Nc 4

What is the purpose of the NC-4 form?

The NC-4 form is used by employees in North Carolina to inform their employers about the number of allowances they wish to claim for state income tax withholding. By providing this information, employees can ensure that the correct amount of state income tax is withheld from their paychecks. If an employee does not submit this form, the employer is required to withhold taxes as if the employee is single with zero allowances.

Who should use Form NC-4 EZ?

Form NC-4 EZ is available for individuals who plan to claim either the North Carolina Standard Deduction or the North Carolina Child Deduction Amount, without claiming any other deductions or tax credits. This simplified form is designed to streamline the withholding process for eligible taxpayers.

What should a nonresident alien do regarding the NC-4 form?

Nonresident aliens must use Form NC-4 NRA instead of the standard NC-4 form. A nonresident alien is defined as someone who is not a U.S. citizen and has not passed the green card test or the substantial presence test. It is important for nonresident aliens to accurately complete the appropriate form to ensure proper tax withholding.

How can employees determine their withholding allowances?

Employees can determine their withholding allowances by completing the NC-4 Allowance Worksheet. This worksheet helps individuals assess their eligibility for allowances based on various factors, including federal and state adjustments to gross income, the N.C. Child Deduction Amount, and any applicable tax credits. Employees can choose to claim fewer allowances than they qualify for if they wish to increase the amount withheld from their paychecks.

What should employees do if their withholding allowances change?

If an employee's withholding allowances decrease, they must submit a new NC-4 form to their employer within 10 days of the change. However, if an individual stops being classified as "Head of Household," they are not required to file a new NC-4 until the following year.

What if an employee has more than one job?

Employees with multiple jobs should use one NC-4 Allowance Worksheet to determine the total number of allowances they can claim across all jobs. For accuracy, it is generally recommended to claim all allowances on the NC-4 for the highest-paying job and to claim zero allowances for the others. Additionally, they should consult the “Multiple Jobs Table” to determine if any additional amounts should be withheld.

What happens if incorrect information is provided on the NC-4 form?

Providing inaccurate information on the NC-4 form that leads to a lower amount of tax being withheld may result in penalties. Specifically, if an employee submits a form with information that lacks a reasonable basis and causes a lesser amount of tax to be withheld, they could face a penalty of 50% of the amount that was not properly withheld.

How should employees complete the NC-4 form?

When completing the NC-4 form, employees must use blue or black ink and avoid dollar signs, commas, or any other punctuation marks. It is important to follow the specific instructions for handwritten forms, including setting page scaling to "none" and ensuring that the form is printed on one side only. Employees should also retain a copy of the completed form for their records.

What is the significance of the filing status on the NC-4 form?

The filing status selected on the NC-4 form affects the calculation of withholding allowances. Employees must choose the correct filing status—such as Single, Married Filing Jointly, or Head of Household—because it influences the number of allowances they can claim. Married taxpayers must also agree on how to complete the form based on their chosen filing status, either jointly or separately.

Common mistakes

Completing the NC-4 form can be straightforward, but several common mistakes can lead to incorrect withholding amounts. One frequent error occurs when individuals fail to use the correct ink color. The instructions clearly state that only blue or black ink should be used. Using red ink can lead to processing delays or even rejection of the form.

Another mistake involves the omission of required information. Some people neglect to fill out critical sections, such as their Social Security number or filing status. Incomplete forms may result in employers withholding taxes at the highest rate, which can be financially burdensome. Ensuring that all sections are filled out completely and accurately is essential for proper processing.

Additionally, individuals often miscalculate their allowances. The NC-4 Allowance Worksheet helps determine the correct number of allowances based on various factors, including income and deductions. Misunderstanding these calculations can lead to either over-withholding or under-withholding, which can affect tax returns and financial planning. It is crucial to take the time to complete the worksheet accurately to avoid these issues.

Finally, many people mistakenly submit the NC-4 form without reviewing it for errors. Simple mistakes, such as typos or incorrect figures, can have significant consequences. Taking a moment to double-check the form before submission can prevent complications later. By being thorough and attentive to detail, individuals can help ensure that their withholding is accurate and aligns with their financial situation.

Documents used along the form

The NC-4 form is an important document for employees in North Carolina, as it helps determine the correct amount of state income tax withheld from paychecks. Several other forms and documents are often used alongside the NC-4 to ensure accurate tax reporting and compliance. Below is a list of these forms, along with a brief description of each.

  • NC-4 EZ: This simplified version of the NC-4 is for individuals claiming the North Carolina Standard Deduction or Child Deduction Amount without additional deductions or credits.
  • NC-4 NRA: Nonresident aliens must use this form to report their withholding allowances. It is specifically designed to meet the tax obligations of non-U.S. citizens.
  • NC-40: This form is used for making estimated tax payments. If you have significant nonwage income, using the NC-40 can help prevent underpayment penalties.
  • NC-4 Allowance Worksheet: This worksheet assists in calculating the number of withholding allowances based on various income adjustments, deductions, and credits.
  • W-4: The federal version of the NC-4, this form is used to determine federal income tax withholding. It may also be needed for accurate state withholding.
  • 1099 Forms: These forms report various types of income other than wages, such as interest, dividends, and freelance earnings. They are essential for tax reporting.
  • Schedule A: If you itemize deductions, this IRS form is used to report eligible expenses, which may affect state tax calculations as well.
  • Form 1040: This is the standard federal income tax return form. It summarizes your income, deductions, and tax liability, and is crucial for overall tax filing.

Understanding these forms and how they relate to the NC-4 can help ensure accurate tax withholding and compliance with both state and federal tax laws. If you have questions about these forms or your tax situation, consider seeking assistance from a tax professional.

Similar forms

The NC-4 form is an important document for employees in North Carolina to ensure proper withholding of state income tax. Several other forms serve similar purposes, each tailored to different situations. Below are six documents that are similar to the NC-4 form:

  • NC-4 EZ: This form is designed for individuals who plan to claim the North Carolina Standard Deduction or Child Deduction Amount, without additional deductions or tax credits. It simplifies the process for eligible taxpayers.
  • NC-4 NRA: Nonresident aliens must use this form to report their withholding allowances. It accounts for specific tax rules applicable to non-U.S. citizens, ensuring compliance with federal and state regulations.
  • W-4 Form: The federal W-4 form serves a similar purpose at the national level. Employees use it to inform their employers of the correct amount of federal income tax to withhold from their paychecks, based on their personal circumstances.
  • NC-40: This form is used for making estimated tax payments for individuals who expect to owe tax at the end of the year. It helps taxpayers avoid underpayment penalties by allowing them to pay their expected tax liability throughout the year.
  • 1040 Form: The IRS Form 1040 is the standard individual income tax return form. While it is not a withholding certificate, it is essential for reporting annual income and tax liability, which can be influenced by the information provided on the NC-4.
  • NC-3: This form is the Annual Withholding Reconciliation Statement. Employers use it to report the total amount of North Carolina income tax withheld from employees throughout the year, reflecting the cumulative data from all NC-4 forms submitted.

Dos and Don'ts

When filling out the NC-4 form, it is essential to follow specific guidelines to ensure accuracy and compliance. Here are eight important do's and don'ts:

  • Do use blue or black ink when completing the form.
  • Do ensure that your information is clear and legible.
  • Do submit the original form only; do not send copies.
  • Do complete the NC-4 Allowance Worksheet to determine your withholding allowances.
  • Don't use red ink, as it can cause issues with processing.
  • Don't include dollar signs, commas, or other punctuation marks in your entries.
  • Don't mix different form types when submitting.
  • Don't select "print on both sides of the paper" when printing the form.

By adhering to these guidelines, you can help ensure that your NC-4 form is processed smoothly and accurately.

Misconceptions

Here are ten common misconceptions about the NC-4 form, along with explanations to clarify each point:

  • Misconception 1: You can use any color ink to fill out the form.
  • In fact, you should only use blue or black ink when completing the NC-4 form. Using red ink is not permitted.

  • Misconception 2: You can submit copies of the NC-4 form.
  • You must submit the original form to your employer. Copies are not acceptable.

  • Misconception 3: You can mix different types of forms.
  • It's important to use only one form type for your submission. Mixing forms can lead to errors in withholding calculations.

  • Misconception 4: You do not need to update your NC-4 if your situation changes.
  • If your withholding allowances decrease, you must file a new NC-4 with your employer within 10 days of the change.

  • Misconception 5: The NC-4 form is only for full-time employees.
  • Any employee, regardless of their job status or hours worked, should complete the NC-4 to ensure proper tax withholding.

  • Misconception 6: You can claim as many allowances as you want.
  • You may claim fewer allowances than you qualify for, but you cannot claim more than you are entitled to. This helps manage your tax withholding accurately.

  • Misconception 7: Non-resident aliens do not need to fill out any NC-4 form.
  • Non-resident aliens must use the NC-4 NRA form specifically designed for them to ensure correct tax withholding.

  • Misconception 8: You can ignore the NC-4 if you are a married taxpayer.
  • Married taxpayers must also complete the NC-4 form, and both spouses need to agree on how to fill it out based on their filing status.

  • Misconception 9: All NC-4 forms are the same, regardless of filing status.
  • Different filing statuses have specific requirements and calculations for allowances. It’s important to follow the instructions based on your situation.

  • Misconception 10: You can wait until tax season to worry about your withholding.
  • It’s best to complete the NC-4 form as soon as you start a new job or have a change in circumstances. This helps prevent any surprises when tax season arrives.

Key takeaways

Filling out the NC-4 form is an important step for ensuring the correct amount of state income tax is withheld from your paycheck. Here are some key takeaways to keep in mind:

  • Purpose of the Form: The NC-4 form helps your employer determine the correct amount of state income tax to withhold from your pay. Without it, the default withholding will be based on a “Single” status with zero allowances.
  • Different Versions: There are different versions of the NC-4 form, including the NC-4 EZ for those claiming standard deductions and the NC-4 NRA for nonresident aliens. Ensure you select the correct form based on your situation.
  • Allowance Worksheet: Completing the NC-4 Allowance Worksheet is essential. This worksheet assists in calculating your withholding allowances based on your income, deductions, and credits.
  • Changing Allowances: If your circumstances change and your withholding allowances decrease, you must submit a new NC-4 to your employer within ten days of the change.
  • Multiple Jobs: For individuals with more than one job, it is advisable to claim all allowances on the NC-4 filed for the highest-paying job to ensure accurate withholding.
  • Nonwage Income: If you earn significant nonwage income, consider making estimated tax payments to avoid underpayment penalties. Form NC-40 can be used for this purpose.
  • Filing Status Considerations: Different rules apply based on your filing status. For married couples, both spouses must agree on how to complete the NC-4 Allowance Worksheet.
  • Penalties for Inaccuracies: Providing inaccurate information on the NC-4 can lead to penalties. It is crucial to ensure that the information you provide is accurate to avoid potential fines.

Understanding these key points can help you navigate the process of completing the NC-4 form and ensure that your tax withholding aligns with your financial situation. Always keep a copy for your records and consult a tax professional if you have specific questions or concerns.