This worksheet prescribes the method for employers to calculate the required Colorado wage withholding. This calculation is based on an employee’s withholding certificate, which is either IRS form W-4 or Colorado form DR 0004. A new employee must submit the current version of form W-4, which is available at IRS.gov. Starting in 2022, an employee also has the option to submit the new form DR 0004.
Calculate Colorado Wage Withholding (DR 1098)
This video provides a step-by-step tutorial on completing the Colorado Department of Revenue Form DR 1098 to calculate state wage withholding. It demonstrates how to use the provided worksheets to determine the correct withholding amounts based on filing status and allowances, ensuring employers and employees remain compliant with state tax regulations.