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Printable Form Instructions 8379 San Diego California: What You Should Know
MN. The W-4Â MN number is an identification number. When an employee reports more W-4Â MN numbers than are allowed in Minnesota, the employer is required to reduce the amount of withholding by the lesser number of withholding allowances. The amount of withholding is the greatest of: (a) 80% of the total wages and allowances reported on all the W-4Â MN's, or (b) an amount equal to the amount allowed on the employee's W-4Â MN. See the table below for amounts that are subject to payment. Amount of Minnesota Withholding Employees reporting income in Minnesota from wages and salary must reduce the amount of withholding by the least of the number of withholding allowances claimed or the actual amount of withholding allowed on the W-4Â MN. Amount of Minnesota Withholding Per W-4 Number of Allowances 1 through 5 25% 6 to 15 10% 16 or less 60%Â The amount of withholding is also based on gross income and is subject to the following:Â Gross Income Limit. Withholding on pay to an employee over a certain amount (for example, 30,000) is considered taxable income. Gross income is income less than 1,260 (for a single individual). Gross Income Limit is based on W-4 filing status. The gross incomes of married couples filing a joint return (all partners) are added together. If a couple file separate tax returns, their gross incomes are combined. The amount of Minnesota withholding for all the spouses is the total of all their incomes. There are no limitations on the number of withholding allowances. The maximum is 50 and the minimum is 10. The employee gets to claim a maximum 10 withholding allowances per year regardless of any exceptions to the limit. Additional Amounts Employees who were self-employed prior to filing the W-4 must enter all their income, including the amount of Alaska and Washington taxes. If they have Alaska income since 2010, you may require them to enter those dates on the self-employed W-4 forms. If they were self-employed prior to filing a W-4 for wages and salary, you may require them to only report the gross income from wages and salary. You don't have to enter the income from self-employment sources, and you can use a standard W-4 and pay the tax liability on Form 1040. However, you should only enter gross wages and salaries if the employee is claiming W-4Â MN.
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