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  1. May 15, 2024 · Key Takeaways. Form W-4 changed because the Tax Cuts and Jobs Act removed personal exemptions, increased the Standard Deduction, and made the Child Tax Credit available to more people. As before, you’ll need to provide your first and last name, Social Security number, home address, and filing status (Single, Married Filing Separately, Married ...

    • Exemptions

      Tax exemptions come in many forms, but one thing they all...

  2. May 2, 2024 · Step 5: Sign and Date Form W-4. The form isn't valid until you sign it. Remember, you only have to fill out the new W-4 form if you start a new job or if you want to make changes to the amount ...

  3. May 20, 2024 · The W-4 form is used to provide information to your employer so that they can determine how much to withhold from your paychecks. This will ensure that the IRS collect federal income tax from you in a timely manner. Not paying enough during the year can result in a tax bill and perhaps a penalty, while withholding too much can create a refund ...

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  4. May 9, 2024 · To fill out a W-4 when married filing jointly and both spouses work, both spouses fill out Form W-4, both spouses check box 2(c) in Step 2, one spouse with the highest income claims any dependents in Step 3, and each spouse fills out Step 4 based on personal income.

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  6. May 8, 2024 · Fill out the latest W-4 form, which is the 2024 Form W-4. Here’s how the computational bridge would look in action: The employee’s filing status on the 2024 Form W-4 would be “Single”. Enter $8,600 into Step 4 (a) on the 2024 Form W-4. Multiply the employee’s claimed withholding allowance (1) by $4,300 to get $4,300.

  7. 6 days ago · How you fill out your W-4 determines how much of your money is withheld for taxes on every paycheck. You may also need to update Form W-4 when a significant change happens in your life—like the birth (or adoption) of a child, getting married or divorced, starting a business, or getting a second job.

  8. May 20, 2024 · Step 1: Enter Personal Information. (a) Fill out your first name and middle initial in the first box. Fill out your last name in the next box. *Your name should match the name on your social security card. If it doesn't contact SSA at (800) 772-1213 or visit the SSA website.

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