Federal Tax Form (W-4)
If a parent is claiming you as a dependent, you can only claim Single with 0 withholding allowance on Line 5. You cannot claim Exempt.
If a parent is not claiming you as a dependent, you can claim 0 or 1 withholding allowance. More tax is withheld when you claim a withholding allowance of 0 versus 1.
You cannot claim exempt if (1) you will be earning more than $750 from January through December 2004 and more than $250 of unearned income (e.g., interest and dividends), and (2) another person can claim you as a dependent on his/her tax return.
Massachusetts Tax Form (M-4)
If you are not going to make over $8,000 from January through December 2004, you can check off Box D, and no state tax will be withheld.
If you want state tax to be withheld, you can enter 0 or 1 withholding allowances on Line 1.
Both tax forms must be signed and dated.
Contact the Human Resources Service Center (HRSC) if you have any questions pertaining to payroll, tax withholding, or direct deposit. Be certain to notify that office whenever a change is made to your (direct deposit) bank account or to your mailing address.
The Human Resources Service Center is located in More Hall, Room 370.
The phone number is 617-552-4772. Their website is
http://www.bc.edu/hrsc
Copies of Tax Forms are available from the Office of Student Services website forms page, as well as from the Human Resources Service Center's website listed above.