Can I claim exemption from Wisconsin withholding tax if claiming the Wisconsin working families credit?
A 2011 working families tax credit eliminates Wisconsin income tax for single persons with income under $10,000 and married couples with income under $19,000. Persons who qualify for the working families tax credit may elect to be exempt from Wisconsin withholding. To claim exemption from Wisconsin withholding, an employee must first determine whether he or she qualifies for the credit. If qualified, the employee must complete an exemption certificate (Form WT-4B) and give it to the employer. A flyer “Employees – Tax Credit May Permit You to Claim Exemption From Wisconsin Withholding Tax” contains a worksheet for determining whether you qualify for the working families tax credit. The flyer includes an exemption certificate (Form WT-4B), which you should detach and submit to your employer. After receiving the certificate, your employer should discontinue withholding Wisconsin income tax from wages paid to you during 2011.
Related Questions
- HOW DO I CALCULATE THE AMOUNT OF INPUT TAX WHICH I CAN CLAIM AS A CREDIT IF I AM A MANUFACTURER AND MAKE SALE OF TAXABLE GOODS AND SALE OF EXEMPT GOODS BY USING COMMON INPUTS?
- Is it possible to completely offset all my Wisconsin tax liability by claiming the historic rehabilitation credit?
- What is the Wisconsin advance earned income credit referred to on lines 3 and 5 of the My Tax Account Form WT‑7?
