Tax form W-4AP Help!

ChopperChick · 11-15-2006, 04:29 PM

Mike is going to collect on his pension. This form is like a w4 form only it is called a W-4AP. We do want federal income tax withheld so we don't have to pay later, but, how many dependents should he put? On W4's we always put zero wo we would get a nice return, but I don't know about now??....

dan_nc · 11-15-2006, 07:02 PM

I think it's a W-4P form and you can fill it out using the worksheets or do as you usually do (with zero exemptions).

sjean423 · 11-16-2006, 12:02 AM

Couldn't for the life of me figure out why you needed a tax form for 4-AP. Sorry, no help CC, but had to post. Did I feel dumb when I read the thread! LOL

metronycguy · 11-16-2006, 12:20 AM

depend on how much taxable income. you have to add up all the taxable income pension , ssdi

darkeyed_daisy · 11-16-2006, 12:21 AM

Quote:

Originally Posted by ChopperChick

Mike is going to collect on his pension. This form is like a w4 form only it is called a W-4AP. We do want federal income tax withheld so we don't have to pay later, but, how many dependents should he put? On W4's we always put zero wo we would get a nice return, but I don't know about now??....

How about half of what you usually claim...that way they keep some so you dont have to pay and maybe you will get the rest back at the end of the year.

Sue Pendleton · 11-16-2006, 07:17 PM

Head for the IRS web site or office and do a quick run through using round numbers on the 2005 1040 form. The tax tables should give you an idea of what you should "make" to break even. And yes, they also tax SSDI or a portion of it depending on total income. So good idea to do this with some thought.

rdf · 11-16-2006, 09:12 PM

I second SueP. The IRS website also has links to sites with software to guide you through, and it might even project the outcome using different scenarios. They did at tax time anyway, don't know about now...

Best of luck

ChopperChick · 11-17-2006, 02:08 PM

Quote:

Originally Posted by sjean423

Couldn't for the life of me figure out why you needed a tax form for 4-AP. Sorry, no help CC, but had to post. Did I feel dumb when I read the thread! LOL

Lol... That is the name of the form. It doesn't have anything to do with 4-AP the medicine!

rybread · 11-19-2006, 10:41 PM

if the whole point of of not putting an exemption down is to get a tax return at the end of the year, you're better off putting it in an interest-bearing savings account and actually making money on the money you're saving and get a bigger return

sjean423 · 11-20-2006, 12:25 AM

Quote:

Originally Posted by ChopperChick

Lol... That is the name of the form. It doesn't have anything to do with 4-AP the medicine!

Yea, I figured that out as soon as I read your post ..... it was just the thread title that caught me. LOL

11-15-2006, 04:29 PM	#1
ChopperChick Senior Member Join Date: Apr 2006 Location: Northern California Posts: 802	Tax form W-4AP Help! Mike is going to collect on his pension. This form is like a w4 form only it is called a W-4AP. We do want federal income tax withheld so we don't have to pay later, but, how many dependents should he put? On W4's we always put zero wo we would get a nice return, but I don't know about now??....

11-15-2006, 07:02 PM	#2
dan_nc Senior Member Join Date: Nov 2005 Posts: 4,205	I think it's a W-4P form and you can fill it out using the worksheets or do as you usually do (with zero exemptions). __________________ Daniel

11-16-2006, 12:02 AM	#3
sjean423 Senior Member Join Date: Mar 2006 Location: connecticut Posts: 6,475	Couldn't for the life of me figure out why you needed a tax form for 4-AP. Sorry, no help CC, but had to post. Did I feel dumb when I read the thread! LOL __________________ T7-8 since Feb 2005

11-16-2006, 12:20 AM	#4
metronycguy Senior Member Join Date: Dec 2002 Location: ny Posts: 5,118	depend on how much taxable income. you have to add up all the taxable income pension , ssdi __________________ mike cauda equina

11-16-2006, 07:17 PM	#6
Sue Pendleton Moderator Join Date: Jul 2001 Location: Maryland USA Posts: 7,410	Head for the IRS web site or office and do a quick run through using round numbers on the 2005 1040 form. The tax tables should give you an idea of what you should "make" to break even. And yes, they also tax SSDI or a portion of it depending on total income. So good idea to do this with some thought. __________________ Courage doesn't always roar. Sometimes courage is the quiet voice at the end of the day saying, "I will try again tomorrow."

11-16-2006, 09:12 PM	#7
rdf Senior Member Join Date: Jul 2001 Location: Someplace between Nowhere and Goodbye Posts: 7,274	I second SueP. The IRS website also has links to sites with software to guide you through, and it might even project the outcome using different scenarios. They did at tax time anyway, don't know about now... Best of luck __________________ "You are sheep among wolves. Be wise as serpents, yet innocent as doves."

11-19-2006, 10:41 PM	#9
rybread Senior Member Join Date: Jul 2001 Location: Phoenix, Arizona Posts: 1,700	if the whole point of of not putting an exemption down is to get a tax return at the end of the year, you're better off putting it in an interest-bearing savings account and actually making money on the money you're saving and get a bigger return __________________ C-5/6, 7-9-2000 Scottsdale, AZ Make the best out of today because yesterday is gone and tomorrow may never come. Nobody knows that better than those of us that have almost died from spinal cord injury.

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