Steps to Completing the Form W-4

Over the years, the form W-4 has been expanded and became more complicated and time consuming to complete.  Following the below steps should help and guide you through the completion of this form:

  1. Personal Information: Fill in your name, address, Social Security number (SSN), and filing status (Single, Married filing jointly, Married filing separately, etc.).
  2. Multiple Jobs or Spouse Works: If you have more than one job at the same time or if your spouse works, follow the instructions to determine adjustments to your withholding.
  3. Dependents: Enter the total number of dependents you will claim on your tax return.
  4. Other Adjustments: This section allows you to indicate any additional income not from jobs (like interest or dividends), deductions, and extra withholding.
  5. Sign and Date: Sign and date the form to certify that the information is correct.
  6. Submit to Employer: Give the completed Form W-4 to your employer. They will use it to determine how much federal income tax to withhold from your paycheck.

Remember, the IRS provides a worksheet with the W-4 form to help you calculate how many allowances to claim based on your specific financial situation. It’s important to review and update your W-4 whenever your personal or financial situation changes (like getting married, having a child, or taking on a second job) to ensure accurate withholding.

Also, the IRS offers the use of a Tax Withholding Estimator.  This tool provides the following useful information.

  • Estimate your federal income tax withholding
  • See how your refund, take-home pay or tax due are affected by withholding amount
  • Choose an estimated withholding amount that works for you

Use the link below.

Tax Withholding Estimator