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Irs w-4p 2023 Form: What You Should Know

Payments that should not be withheld. If there is a gap between the date when you should have withheld and received your annual payment, contact the  Payee to ask. For nonperiodic payments — Payments should not be withheld until the end of January. Also, nonperiodic payments made in 2023 must be paid by March 30 of  Income Tax Year (YEAR) 2023 — For payments between January and May, withhold 2.5%. For payments between June and August, withhold 4.5%. For payments between September and  END OF PAYING YEAR— withhold 9.0% (9.

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