November 16, 2010

Minnesota Payroll Form

The state of Minnesota has a new form for payroll allowances.  This form may be in additon to the federal W4 form.  The new W4MN will need to be completed by employees if:

  • claim fewer Minnesota withholding allowances than their federal allowances (Minnesota allowances cannot exceed the number of federal allowances),
  • claim more than 10 Minnesota withholding allowances,
  • want additional Minnesota withholding deducted from their pay each pay period, or
  • claim to be exempt from federal withholding or claim to be exempt from Minnesota withholding.
Complete a new W4MN whenever your personal or financial situation changes. 

The new form can be obtained here.