How to complete new 2020 form W-4

Want to know how to complete the new 2020 form W4 and how it impacts you as an employee and employer? Check out this quick breakdown and explanation of the form.
How to complete the new W4 form for 2020.
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[@guhroo]

Here is the link to the IRS Tax Withholding Estimator: www.irs.gov/individuals/tax-withholding-estimator

[@edcox2051]

This new tax form is way to complicated. I put 3 dependents and it shows on my check i have 0. They took out almost 100 more out of my check .people keep saying this new form is easier but i do not see how. The old one told you exactly what they were going to take out.

[@2davivadiva]

So on the form I see it’s like itemized by dollar amount instead of just putting 1,2,3 as dependents. It’s super dumb and I don’t think it’s my employers privelage to know what other income i bring in or that of my spouse

[@edcox2051]

@@2davivadiva i agree with you about employers knowing what you "if you had another job" and your wife makes.

[@playa4lifesd619]

@@2davivadiva So if i have 3 dependents how do i write in the #? Where do i enter the amount if i just cant put in 3 anymore? Thank you

[@MichaelMacco]

@@2davivadiva If you watch the video, he explains how you can use the IRS' online estimator so you don't have to share that information with your employer. 4:28

[@marlynel2335]

Okay guys I am single and work two jobs what would I need to do , because this new form is confusing 😩🤦‍♀️, do I just put zero in everything or I have to guess what tax will be withheld from me in 2020

[@kenzydesbrunes4900]

What the hell he didn’t even go over step 3 and that’s the main reason I’m on here.

[@noelybarra]

How do you change the number of dependents, to add or take away ?

[@lichi0728]

Noel Ybarra that’s the same question I have. I guess once you file for taxes and know your return of federal and state you can enter that number on section 4b

[@justjettt4525]

Is it me or was step 3 skipped?!?! 🤔

[@hollywoodavenue23]

@Pinky Brooks 🤣🤣🤣

[@samhejja4017]

What if you work retail & have no idea how money you will make by the end of the year?

[@lorenaquintero442]

I need help with this form for a new employee, we don't understand how to fill this out

[@bedazzledtampons]

So my question is: if I’ve been claiming 10 on the previous tax form under my federal w-4 and want to change it back to “1”, how do I approach this? Do I put $0 under the deductions or do I put the single status $12,400 under the deductions?

[@Danielo197]

I'm starting a new job I'm confused about deductions

[@williamjones7260]

Can you use the multiple jobs list to help fill it out for single income and married filing jointly?

[@tarikcollins778]

HOW DO YOU SKIP STEP 3 IF THIS IS A TUTORIAL LOL

[@jonesfarms1482]

We hire a small crew for 1 or 2 weeks in the fall. Some have written in "exempt" on the W4 in the past. I do not see that option on this form. Is it still an option?

[@brettconv83]

I have 2 young kids 1 and 3 I want to do what you said which is instead of having a massive refund i want to have the least taken from each check so end of year I don’t owe, but also no refund

[@TunaRocks24]

So, do you and your spouse (married filling jointly) both fill out the form with the same withholding numbers, or does the higher paying job person fill out all the steps & the lower paying job person fill out step 1 and 5 only??

[@carynmerriweather2517]

TunaRocks24 I have the same question & haven’t found the answer yet!😩

[@wardyrb]

So how do you fill it out if you have 2 jobs AND your spouse works? And you are starting the 2nd job on Jan 1st.

[@rumissaxo1458]

What If the employee completes line 3 wrong? For example, they put a 2 cause they didn’t read the instructions and they’ve always filed single & 2 so they’re use to this. Do we enter $2 dollars into our payroll system?

[@stephencruse6525]

how do you do if you want to change to something like single zero?

[@TLC2Simi]

So line 3 dependants the carry over is a total of dollars and this tells them you are claiming 2

[@wendyhimongala7100]

How would I fill it out to take the least amount out for a paycheck that I am getting a bonus on?

[@francinelucero8204]

I am head of household for one dependent. Do I need to skip step 3 since I dont have more then 2 jobs?

[@jfresh2054]

How do you add dependents?

[@karma602az]

I put two dependants and last year they didn't take any federal tax out at all

[@andreaohara3402]

Ok ... so I have a question, I have a daughter and I claim her at the end of the year, BUT I CLAIM 0 because I like getting more in return, Now this new 2020 for isn't very clear to where I'm putting 0.... do I just write it on step 3 and keep it moving?

[@kellyjohnson7004]

So if none of steps 2-4 apply to you then where do you put your deduction request for accounting to view and process?

[@nolimitsno1]

On step 1 I am filling for my son he is 15 what status choose on 1c

[@coryashford1856]

Where do I input the number from the withholding calculator.

[@susancrowder351]

We want our money now, and not get a refund. How do we correctly fill out the w4 2020 form? I make 32k and my husband makes 100k. no dependents. Should be easy right? I did it and sent them in to our employers and they are taking more out now.

[@playa4lifesd619]

Did you ever figure this out? I'm in the same boat. They are taking way more out now.

[@somoodat5198]

I started working early November and never filed this... Is that something I should worry about

[@rosehh1]

NO

[@victoriaanewchannel3995]

Hey ! I've got a question! If I am single and have 1 job, I school fill out only the step , right? And the rest of it claim.. is that right? 'Cause I remember on 2019 I put 1 on the blank... thank you for answering !!!

[@fictionorfiction]

Check single in 1 (c) and leave the rest blank

[@mary-michaelwatts3799]

There is nowhere to enter additional source of income (such as dividend income from investments). The way it's set up provides a completely inaccurate estimate of taxes owed as it only accounts for wage income.

[@vaughnnaber9235]

Two questions: 1) you still show the DRAFT version of the W-4 form in your video. The official form is out and is slightly different. Are you updating to show the current and official form? 2) You did not address where to enter the amounts from the federal worksheet on the form. My guess is that the amount from the worksheet goes in 3 or if you use the tables it goes in 4(c) but your video did not really say? Can you be more specific?

[@jeffperchinske8810]

I still have no idea how to fill this out!

[@andreaohara3402]

Me either lol

[@andretheslayer]

So if you work multiple jobs, you only have to fill out one W-4?? What if I want more held out for one of my jobs than another? What if I don't know how much I will make for my other job???

[@TheWilliamalexander6]

Ok I started a new job but it's parttime , I'm married have no kids , down own a house, so know at this new job for some reason federal has not been taken out , I requested and extra 10.00 to be taken out on the form , from my check , on this form it says to use the tax table , I never ever used it and I don't know how to use it I feel stupid but I always had the tax people do my taxes , I wish you could help me with this but it's probably impossible though , can you tell me why federal is not being taken out of , my check , and I didn't claim exempt so I don't know what's going on and they don't either

[@OfficialCynthiaHoney]

That moment when you never been good at math

[@justme197511]

Okay so it is easier, just don't sign, default to single rate get a check from the IRS at end of the year.

[@cocopop111]

So what do write in section 3 for single claiming 2 dependents?....$4000??

[@paulasteingas8379]

so what do you do if you have 1 job? This form looks like you are dealing with dollars only and no exemptions? Totally confused.

[@kmandbay]

would you do it again with a married couple. use the form the whole way and all the pages please

[@Sexy40baby1]

The govt wants us to tell them how much to withhold from pay for the year. The issues is: you dont know how much you are going to make the year unless you are salary. So if you say, hey gov't take 6k from my pay for the year. That's 500 month and what happens when you dont make the 70k that warrants the 6k take out? Additionally if you have saving accts and stock investments you dont know what you will get in interest and dividends so how do you determine how much to acct for that?

[@blucapmom]

I don’t understand this new form at all I submitted for head of household and for my two children one is under 17 and one is over 17 and when I got my first check it took out zero for taxes and I wanna know will I be owing at the end of the year?

[@LovelyLuxiEmpress144]

Did you go exempt?

[@blucapmom]

Non-exempt as far as I remember

[@blucapmom]

But I am re-doing my w-4 today and just claiming HOH

[@StepTooRawTv]

The child that was under 17 would’ve been $2000 bc it’s only one . The one that’s over 17 would’ve went on the other dependent line so that would’ve been $500 bc that’s also just one dependent . So where it say “ add the totals above “ you would’ve put $2500 in that space on the right hand side behind the dollar sign

[@godoyx2]

That’s what i said I watched this for nothing what happened to step 3

[@gladskills469]

I came here not knowing shit n now i have a job completing w4s .. And skipping step 3 people will hate me for it

[@newtstham6982]

Help...How would you claim 3 on this new form?

[@hxacalifornia2286]

Lucas Harris That's what I thought ! Was so confused at first until i realized in this manipulative country we live in.

[@StepTooRawTv]

You can’t claim three, only way to do that is they have to be under 17

[@lisah2295]

I'm so confussed, I have 1 job, single with 3 dependents. I have read the instructions and is still don't know where to put 3 for my dependents. Can somebody please help me.

[@lloydfrancis9149]

Exactly they made it more confusing

[@StepTooRawTv]

Are your dependents under 17?

[@Limerick502]

Those 3 dependents if under 17 represent a dollar value now. That's how the whole form is structured. It would be $6000.

[@maemoyano4658]

I’m married and filling jointly I have 1 job and my husband has two job..I just started my job august 2019,and my husband second job he just started October 2019 ..should I fill out page 3,2a,2b and 2c?how?

[@carynmerriweather2517]

Mae Moyano I was just reading an article at www.completepayroll.com & it said the person with the highest paying job should fill out all the steps and with the other jobs they should skip steps 3 & 4. Here’s the link: www.completepayroll.com/guide-2020-form-w-4-updates?+W4+Updates_Traffic&hsa_acc=250239325503432&hsa_cam=23844119545750159&hsa_grp=23844119545770159&hsa_ad=23844119545790159&hsa_src=fb&hsa_net=facebook&hsa_ver=3

[@jgiza8888]

If I am single and claim the standard deduction, how do I do this?

[@fictionorfiction]

Check single in 1(c) and leave everything else blank.

[@jgiza8888]

@@fictionorfiction Thank you!

[@DaltonsGigi]

This new W-4 is giving me major anxiety. I file HOH with 2 dependents. This new system is just complicated. I’m sorry this video wasn’t to helpful to me.

[@jgiza8888]

I agree... I like the other way much better

[@StepTooRawTv]

Are your dependents under 17?

[@AA-zm4ow]

the old was is better even with 3 jobs the tax scale and standard deduction is the keys guide to the whole thing, 0 n 1 are they key to multiple jobs you want to put 0 until standard deduction, or til 6 months from beginning of the year, the rest is 1 ,, until October put only on one job your all half of your dependants,if single kept 1 you can claim 2 for single that will even out tax for 1 job no tax return, so 0 and 2 is no tax return, the old wage it's based on math gross income, standard deduction, i r s year tax rate scale,, itemizing is for suckers spending more to pay less, donating charity is the key to that, volunteering your time n work,

[@ducelauj4289]

Bro, you literally skipped the most important step which is step 3?!!??!?!?!?

[@Karizmatyc]

dierberg

[@justme197511]

This is like common core math? WTF I-OWE-r-US GOV?

[@ThePathfinder97]

You missed step 3 😀

[@AA-zm4ow]

that was not help,, the old way was 0 dependants til you reach standard deduction change it to 1 or 2 til October put 2 or all dependants that way less tax keep my irs little tax return if no tax return claim 2 all the way, at October do the math if you starting to owe than 0 ,, more money in pocket, itemizing is for the upper middle class n rich class, common law people i t I n n tin non resident alien no tax liability,, no tax election

[@The_Menace_1]

Huh?

[@AA-zm4ow]

The Menace , it's to pay little or no tax the new way is doing math and timing,, the more you make the higher percentage tax increase, there trying to confuse everyone to keep you paying more,, percentage,, ,,inflation 2023 goal I r s social security

[@krasmussen7514]

Have a feeling you do not do tax preparation for others. It's a different world on this side of the desk. Here is the thing, many taxpayers were completing the old form wrong and were not having enough taxes withheld. That is because the federal withholding tables have been lowered 4 times since 1980. Under the Reagan Administration, Bush Sr, Bush Jr and now Trump. Three of them, lowered the withholding tables, but not the tax rate, based on a flimsy reasoning it will stimulate the economy. It gave you a false sense you had more money in your pocket for the year. If you work the old forms back in 1979, you would be having just enough withheld. In fact, look at most state withholding tables, They have not been adjusted like the Federal Withholding tables have been. This new W-4 method, I need to see the clients paystub (which they do not bring to me), I also need to see other items (which they do not bring into me). People want their tax returns done as fast as possible. It's not going to happen with this new form. Too time consuming for me to help the client out now. The simplest method is to tell my clients a straight estimated percentage. Yet, the new Form W-4 does not give us this option to write down a % withholding. I tend to think, the new form was designed by someone who has never been on the front lines.

[@andretheslayer]

Isn't that how all the new laws and such are made? By people who have no f****** idea

[@Patzfan4eva]

You literally didn't show how to fill this out...no examples of the entries, no examples of $ amounts...POOR VIDEO

[@Defnotdoge]

Not helpful. At about 8:30 in to the vieo, you'll realize it's a promotional video.

[@Rub_Her_Ducky]

skipped one of the most important parts thats the most confusing one. disliked

[@cliffmiller2381]

Completely worthless explanation.

[@edcox2051]

This new tax form is way to complicated. I put 3 dependents and it shows on my check i have 0. They took out almost 100 more out of my check .people keep saying this new form is easier but i do not see how. The old one told you exactly what they were going to take out.