As we embark on the new year, we want to extend our gratitude for entrusting us with your CDS needs. We are pleased to inform you that the W-2 forms for your employees will be available for download on January 31st, 2024.
Understanding the importance of these forms in the tax-filing process, we are committed to providing a seamless experience for both you and your employees. The W-2 forms can be accessed through the Employee Portal at https://ep-ihas.accunfp.com/.
W-4 Exemptions and Federal Tax Withholding
Your employees' federal income tax withholding is determined by the marital status and number of allowances claimed on the W-4 Form (Employee’s Withholding Allowance Certificate).
For assistance on determining the right withholding, check out these IRS resources:
• Tax Withholding: IRS Website
• Redesigned W-4 Form: Download Here
• Withholding Calculator: IRS Calculator
• Useful Information: Publication 15 (Circular E)
If your employees want to change their federal tax withholding or address, they can print and complete a W-4 form. The updated form should be submitted to In-Home Attendant Services at any time during the year as their tax status changes.
Important Note: Federal Tax Withholding exemption submitted in 2023 expires on February 16, 2024. If not renewed, the Payroll Department will withhold federal tax at the single rate with zero withholding allowances. To renew the exemption, instruct your employees to complete a 2024 W-4 and forward it to IHAS. Regularly evaluate exempt status and make necessary changes. Check the IRS website for the updated W-4 form for 2024 at the IRS Website.
Should any of your employees require assistance or have questions, our dedicated team of CDS Consultants is ready to help.
Wishing you and your employees a smooth and successful tax season ahead!