Withholding — Filling Out Form W-4

Learn how to accurately complete Form W-4, Employee’s Withholding Certificate, to ensure the correct amount of federal income tax is withheld from your paycheck. This guide provides an overview of the form, including steps for claiming dependents, adjusting withholding for additional income, and tips for those with more complicated tax situations, such as multiple jobs or investment income.

Highlights:

• Purpose of Form W-4: Overview of why the form is required and its role in determining tax withholding.

• Steps for Completion: General guidance on filling out personal information, claiming dependents, and adjusting withholding based on other income or deductions.

• Withholding Adjustments: Tips on increasing or decreasing withholding to better match tax liability, with a note on using the IRS withholding estimator.

• Special Considerations: Brief mention of scenarios that may require special attention, such as dual-income households or additional nonwage