W-4
Abbreviation with 2 meanings
| Stands for | Employee's Withholding Certificate (IRS Form W-4) |
|---|---|
| Meanings | 2 |
| Categories | Business & Finance, Military |
W-4 has two meanings. It stands for Employee's Withholding Certificate (IRS Form W-4) (tax) or Warrant officer pay grade 4 (military pay grade).
Meanings of W-4 at a glance
| # | W-4 stands for | Context |
|---|---|---|
| 1 | Employee's Withholding Certificate (IRS Form W-4) | Business & Finance › Tax |
| 2 | Warrant officer pay grade 4 | Military › Military Pay Grade |
1. Employee's Withholding Certificate (IRS Form W-4)
Business & Finance · Tax Abbreviations
Form a new employee completes for the employer, not the IRS, to set how much federal income tax is withheld from each paycheck based on filing status, other jobs, dependents and extra deductions. A new one can be submitted at any time, for example after marriage, a second job or an unexpectedly large refund or bill.
Example: HR asked me to fill out a W-4 and an I-9 on my first day.
Redesigned for 2020 to drop withholding allowances, which had been tied to the personal exemptions eliminated by the 2017 tax law; it now uses five steps with dollar amounts. Claiming "exempt" lasts only one year and must be renewed by February 15. Many states have their own certificate, such as California's DE 4. Withholding too little can lead to a balance due and an underpayment penalty in April.
2. Warrant officer pay grade 4
Military · Military Pay Grade Abbreviations
Senior warrant officer pay grade, held by Army CW4s and CWO4s in the Navy, Marine Corps and Coast Guard. Holders are senior technical managers and advisers at higher headquarters.
Example: At W-4 he became the brigade's senior aviation maintenance officer.
W-4s typically serve at brigade, group or higher levels as senior technical advisers and program managers. Selection is by board, and many W-4s have more than 20 years of combined enlisted and warrant service, qualifying them for retirement at any time.
Related abbreviations
More tax abbreviations
- UTR – Unique Taxpayer Reference
- VAT – Value-added tax
- W-2 – Wage and Tax Statement (IRS Form W-2)
- W-2G – Certain Gambling Winnings (IRS Form W-2G)
- W-7 – Application for IRS Individual Taxpayer Identification Number (Form…
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- W-9 – Request for Taxpayer Identification Number and Certification (IRS…
- WOTC – Work Opportunity Tax Credit
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