How to fill out a W4 Form

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ClearValue Tax

ClearValue Tax

Күн бұрын

How to fill out a W4 Form 2022 is a video covering the new tax form that determines how much taxes you should be withholding from your paycheck.
We will walk you through the W-4 Form to show you line by line how to fill out the Form W4 for 2022.
So you've come to the right spot in order to learn how to fill out a W4 Form 2022. How to fill out the new 2022 w-4 form goes through the entire form of the 2022 W 4 Form.
If you've found this video helpful for how to fill out W4 2022, then please give us a like, we would highly appreciate that. If you have any questions or comments, please leave them below and we'll try our best to get back to you as quickly as possible.
How to complete the 2022 w4 is a line-by-line walk-through of the new W4 form for 2021. Please remember that the form w-4 2022 is completely different than the 2019 predecessor.
How to fill out 2022 W-4 is brought to you by ClearValue Tax. We want to be your online tax resource, so please subscribe and ask your questions about the w-4 2022 or anything else.
Thank you for tuning into this W4 2022 video we hope this answers your questions of w-4 form how to fill out but please leave any questions or comments below about the 2021 w2 explained and we'll get back to you!
Please subscribe since we're always giving great information about your personal income taxes, business income taxes, and great advice for sole proprietors to small businesses. We're also giving profession specific videos such as videos for doctors, real-estate agents and brokers, personal trainers, accountants, and the list goes on. Thanks so much again for all of your support, we truly appreciate it! And please watch our other W4 2022 video that we have for unmarried persons as well.
Also, please give us a thumbs up on this video if you've enjoyed this subject matter on the new w-4 form 2020. Thank you for watching this video about the w4 tax form 2022!

Пікірлер: 3 200
@clearvaluetax9382
@clearvaluetax9382 2 жыл бұрын
*** UPDATE: This video is valid in 2022 - the W-4 tax form is the same, just the year in the top right corner has changed. Enjoy!
@TacticalTrucker
@TacticalTrucker Жыл бұрын
One big scam that’s all it is
@mrsmincey9731
@mrsmincey9731 Жыл бұрын
Can you do an update video the screen and font is hard to see and read thank you
@my_flippin_journey
@my_flippin_journey Жыл бұрын
*Is this current information*
@my_flippin_journey
@my_flippin_journey Жыл бұрын
@@mrsmincey9731 if u watch on laptop/desktop you can zoom in the video display
@BigDOOMson
@BigDOOMson Жыл бұрын
Even 3 years old it's still very helpful. I wasted an hour on other useless videos before it dawned on me to come to ClearValue!!!!
@branstasko1
@branstasko1 4 жыл бұрын
Payroll guy here, once again IRS tried to simplify something and in turn made it more confusing.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Agreed. That's the wonderful IRS for you... fun stuff!
@christinawolf1261
@christinawolf1261 4 жыл бұрын
Our payroll system hasn’t even updated to the W4 it’s been a straight nightmare
@plentyofpaper
@plentyofpaper 4 жыл бұрын
My employee just gave me one of these, and I wasn't aware how different the system was. I'm going to need to teach myself how to process these. I'm hoping it's simplified on the employer's end. At a glance, it looks like a lot of the complexity has moved to the employee's side of things.
@jamieschag
@jamieschag 4 жыл бұрын
How are payroll people able to compute 2020 federal tax from an employee's paycheck if the employee hasn't updated their W4? Do they try and base it off of their 2019 W4. This new way of doing things is ridiculous. What happens if an employee has a ton of overtime for the year? Even after inputting all these figures(which is a violation of my privacy if you ask me), will they still be under in taxes at the end of the year? This is so confusing! Ugh!🙄
@plentyofpaper
@plentyofpaper 4 жыл бұрын
@@jamieschag There are a separate set of calculations for the new and old style W4s. The old ones are more or less the same as before, just with updated numbers. I'll learn how to do the new ones probably later today or tomorrow.
@brattygalore9330
@brattygalore9330 4 жыл бұрын
This something they should start teaching in High School.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Brittany, I agree!
@lmezy25
@lmezy25 4 жыл бұрын
The elite do not want you that smart
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
@@lmezy25 Totally agree!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Your comment is crushing it.
@carlaherrera3357
@carlaherrera3357 4 жыл бұрын
Yes
@ceceparra
@ceceparra 3 жыл бұрын
Who needs an accountant when you have this guy 😂 Brian is also the only accountant I can afford right now 😂
@joselozano356
@joselozano356 3 жыл бұрын
Amen
@nathanbosworth6770
@nathanbosworth6770 4 жыл бұрын
I have shared this with my entire hiring team. This video is now worshipped as the lifesaver of the month!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Nathan, I had to pin your message. Thank you so much, I appreciate the feedback and thanks so much for your support!
@bilialeilan9038
@bilialeilan9038 4 жыл бұрын
@@clearvaluetax9382 I just started my job and it's my only job. I'm single with no kids and make minimum wages. I just want a little bit taken out for federal taxes. What lines should I fill out and what lines should I leave blank?
@jerroldshelton4174
@jerroldshelton4174 4 жыл бұрын
L cool thanks o
@4cubed22
@4cubed22 4 жыл бұрын
Excuse me is this for me I'm married I want to add my newborn please let me know
@natashanonnattive4818
@natashanonnattive4818 4 жыл бұрын
@@4cubed22 if you live in Wash.DC
@timelessredlipstick
@timelessredlipstick 4 жыл бұрын
I want the old W4 back. This one is complicated.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Yup, this is causing a lot of heartache for a lot of people Maya. However, this format and updated W-4 should be more accurate. Thanks for watching Maya!! I appreciate it!
@jackiea1465
@jackiea1465 4 жыл бұрын
how though we don't even know how much we are claiming. What would I do if I want to claim what use to be. This is so confusing and yes your video shows how to fill it out but it does not explain how much will be taken out of our pay checks and for people like me we need to make sure we are having enough taken out so we don't pay at the end of the year but not so much that we can not live.
@mssha1980
@mssha1980 4 жыл бұрын
Jackie A in theory this if you choose the correct filing status then what’s taken out will be based on the standard exemption.
@spacekitteh8376
@spacekitteh8376 4 жыл бұрын
Ive been n working on this for 8 hours already today and I'm no closer to figuring it out. The old way was easier. Thus new way is an absolute headache.
@keithogburn3690
@keithogburn3690 4 жыл бұрын
I agree
@twalker1165
@twalker1165 4 жыл бұрын
It seems like we should get a tax credit for filling this form out, because we are doing all of their work
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
LOL, I agree with you on this one T Walker.
@emiliosandoval7287
@emiliosandoval7287 4 жыл бұрын
Just came across your video and I learned so much!! Love how you take the time to explain each concept clearly, but are direct in explaining it so I don’t feel like I’m wasting my time watching a KZbin video full of nonsense. You have a new subscriber 😍👍🏽
@jennifervazquez6408
@jennifervazquez6408 4 жыл бұрын
This is definitely something they should be teaching in school.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks for watching and the comment Jennifer, and I agree 100%!!!
@kendrickjamone6608
@kendrickjamone6608 4 жыл бұрын
They do, the problem is we don't know how to ask them. And if you have children, apply knowledge. Make them better
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
@@kendrickjamone6608 I'm a firm supporter of good parenting, you're absolutely right Kendrick!
@andrewsalazar98
@andrewsalazar98 4 жыл бұрын
The government would never use tax money to fund a public school program on how to lower your taxes
@kendrickjamone6608
@kendrickjamone6608 4 жыл бұрын
@@andrewsalazar98 vote for the right legislature canidates. We have to learn how to work what we are missing in our government. Or we have to learn to except it. For me it's harder to learn to except something than it is to do what is correct action.
@marisolmurillo806
@marisolmurillo806 4 жыл бұрын
My husband and I have been working for the past 15 years, we had never quite understood to the fullest a W4 form, like ever! It was time to change our dependents so husband brought home the form. Again back to square one, no idea!! After choosing ur video and going step by step with it it was like a breath of fresh air! Thank you so much for uploading! Supper helpful! Thanks sooo much!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Marisol, thank you for the thoughtful comment, I appreciate it and I'm so happy that I could be of help to so many! I'm very appreciative of the positive reception I've been receiving, so thank you very much for writing!
@alexaward8889
@alexaward8889 4 жыл бұрын
So long are the days of just writing "0" for deductions! Thank you for the video -- that was the clearest explanation I've been able to find.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you so much for the feedback and kind words Alexa, I appreciate it!
@coledupont9920
@coledupont9920 3 жыл бұрын
@@clearvaluetax9382 Where do you put the "0" on this new tax form?? Im so lost.
@marcelaa9498
@marcelaa9498 3 жыл бұрын
@@coledupont9920 it's not like that anymore. I just left my whole form blank because I was so confused lol
@geddoe316
@geddoe316 3 жыл бұрын
@@marcelaa9498 i did too, which still confuses me. if i may ask, do the think they take out more or less out of your check? I ran my numbers through one of those paycheck calcultors online and it acts like it barely takes out anything with the new w4.
@dwayneboddie8402
@dwayneboddie8402 4 жыл бұрын
Thanks for simplifying and breaking this down. Something I can assist my tax clients with. They were confused and so was I. Now I'm confident I can assist them properly. Thank you!!
@nerdybutnice2267
@nerdybutnice2267 4 жыл бұрын
About to start a new job and I always have anxiety about whether I'm filling out the W4 correctly. This was SO helpful. Thank you!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Dana for the feedback, I appreciate it! I'm happy to hear this video assisted. Happy New Years!
@alove9457
@alove9457 4 жыл бұрын
Me too
@Utx55
@Utx55 4 жыл бұрын
This was amazingly helpful. I was so confused about the new w4. Last year we had to pay in at tax time. This year it looks like we will pay again. I so appreciate the help.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Excellent, I'm happy to hear it was helpful! Thank you for the feedback and for your support, I appreciate it D McCarty!
@danielmoreno2617
@danielmoreno2617 4 жыл бұрын
Thanks for the helpful and clear tax information on W4. My wife started working recently and I had to help her fill out this form. I've been in the same job for 20+ years and haven't filled one out since. After watching your video we felt more comfortable filling out her form. Thank You.
@psallente
@psallente 4 жыл бұрын
I've been carrying my W4 around in my purse for 2 wks now! You've answered a questions I had about step3 &4 . Thank you!
@sagcap7927
@sagcap7927 5 ай бұрын
Great video. 👍🏾 for so long, me and my wife have been owing at the end of the year just because we didn’t check the box, when filing married jointly. 🤦🏾‍♂️ now we’re doing great. I’m subscribing 👍🏾
@kaewilliams9797
@kaewilliams9797 4 жыл бұрын
Thank you for a simple and easy to follow tutorial! Filling out the W4 was a head-scratcher but now I’m able to turn it in with confidence!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Kae for the feedback and motivating words! Thank you for watching and for your support, I appreciate it Kae!
@elainemoore4840
@elainemoore4840 4 жыл бұрын
I am helping my son fill out his W4 because this is his first job. This was a refresher course. Thank you!
@TMVVisualMedia
@TMVVisualMedia 4 жыл бұрын
I have to tell you that you have a great way of teaching this stuff man. As I have become more financially literate what you say and post videos about make more and more sense. I personally have very simple tax returns with 2 jobs. My goal is to get to the break-even point. Thanks for sharing your knowledge with us common folk.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks for the awesome feedback Victor, I appreciate it! I'm glad to see these videos are helpful!
@rainahuerena6078
@rainahuerena6078 4 жыл бұрын
The old forms were so much easier. Thanks for the information on how to fill out the new form.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks for your support Raina, I appreciate it!
@palerori
@palerori 4 жыл бұрын
D U D E ! complete life saver! Hubby and I just filed our taxes and we got screwed over. Now we know that was our fault because of how we filed out our w4. Extremely helpful, informative and fool-proof. Thank you SO MUCH for your help 😊
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you so much Paloma for the feedback and such kind words! I appreciate it so much!
@jocelync.r2628
@jocelync.r2628 2 жыл бұрын
Do you know how the lower income spouse needs to fill out their w4 form?
@larissaview9812
@larissaview9812 4 жыл бұрын
I am a divorced mom, teacher, and only claim one of my kids. So this was VERY helpful for me!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Larissa for the feedback, I appreciate it!
@user-ye5qp2sz5u
@user-ye5qp2sz5u 4 жыл бұрын
Awesome and thorough. He broke down the complete form for different scenarios not just what applied to him like in other videos I've seen. 👍
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks Ray for the feedback, I appreciate it!
@peytonprods892
@peytonprods892 4 жыл бұрын
As someone who just started working full time out of college and recently got married, this helped a lot. Our HR department was supposed to help us with these, but they just give us links to documents that don’t make much sense to me. Thanks again!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
My pleasure Peyton and thank you so much for the feedback, I appreciate it!
@mistermylo7601
@mistermylo7601 4 жыл бұрын
Your employer is not authorized to help you complete the form
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
@@mistermylo7601 You're spot on Mister Mylo.
@woke1497
@woke1497 4 жыл бұрын
@@mistermylo7601 true but then again if they could .. it wouldn't be right because they don't know either 🤣🤣🤣🤣
@rosicabrera6976
@rosicabrera6976 4 жыл бұрын
Thank you so much for your wisdom,my Job just handed me the new form W-4 2020 and said sign it, I ask them to help me,they said we have nothing to do with that.I was dumb founded,but thanks to your video it help me out.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Awesome!!! Thank you Rosi for watching and for your feedback. I'm so happy to hear this video helped, thank you again!!
@timhenderson6499
@timhenderson6499 3 жыл бұрын
This video on W-4s was excellent, as it was succinct, informative, and clearly and plainly worded and explained. Thanks for such a wonderful and free service.
@alove9457
@alove9457 4 жыл бұрын
I just got another job and I was handed this form. I was clueless on what to do. So brought the form home with me and found your video. Thank you for this video. Made it easier to understand!!!
@maddymel03
@maddymel03 4 жыл бұрын
This was a great video for our employees! We are going to ask that all of our employees watch this video to help them in their situation. I liked that you broke it down.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks so much Melissa for the feedback and for your tremendous support! I greatly appreciate it, you are the best!
@monicanieves1342
@monicanieves1342 4 жыл бұрын
As someone who will be onboarding new employees in 2020 this video was very helpful for all the questions I will get! Thank you!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Monica for the awesome feedback, I appreciate it!
@janiceleesa9971
@janiceleesa9971 4 жыл бұрын
Was a really good and concise yet still thorough overview of properly completing the new W-4. Thanks ClearValue Tax!
@kroxxy123
@kroxxy123 3 жыл бұрын
I fear there will be many who will be owing the IRS more during tax season because they made this so confusing to fill out 😔.
@crazymonkey12967
@crazymonkey12967 4 жыл бұрын
Thanks a lot! I was stressing because I'm not used to filling out W-4 forms and I have 3 jobs but since you walked through it I was able to complete it.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Awesome Diego, I'm so happy to hear it helped! Thank you for watching and for your support, I appreciate it!
@jennasilva9820
@jennasilva9820 4 жыл бұрын
I just took a webinar on understanding the new W-4 and this was better information Thank you !
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Jenna, I appreciate the kinds words and awesome feedback!!! Thank you for watching!
@psallente
@psallente 4 жыл бұрын
Thank you. I've been carrying this around in my purse for 2 wks! Before the end of the year i changed my exemptions to 3; Gotta change to 0 Asap!!!
@Alex-eg9yd
@Alex-eg9yd 4 жыл бұрын
Thank you so much for posting this video! I tried for hours to figure it out and gave up until i came across this! Great explanation, very detailed! You nailed it!
@michellebruinsma29
@michellebruinsma29 4 жыл бұрын
I was beyond lost filling out my 2020 W4 form - Thank god for this video - - it helped me alot!! :)
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Michelle so much for those kind words and feedback, I appreciate it a LOT!
@RyanM473
@RyanM473 4 жыл бұрын
And the whole reason the IRS released this new form was to be easier to fill. Yet we have to watch a video to figure out how to fill it out instead of just claiming a number as before. This new form should be a lot more accurate for taxes. But it's idiotic for the to claim it's easier to fill out if you have to do calculations. All my coworkers just want to put the number to claim not have to do calculations. And yes I know it's only for new hires. I know I'm going to get a lot of blank looks from new hires when I have to explain this new form. Finally, great video, thanks. Explains everything about the new W$4
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Totally agreed! And I hear you about the blank looks because that's the reception I get when I explain the W-4 to my clients.
@mrs.c-s5715
@mrs.c-s5715 4 жыл бұрын
Thank you so much for this! Our boss uses a bookkeeper that is useless and has not been able to answer any questions and just keeps referring us to the IRS website to get help. I'm sharing this with everyone! Thank you!
@lanna9541
@lanna9541 4 жыл бұрын
By far the easiest to understand of the most difficult tax form ever. Thank you!!
@BonzoMadridx
@BonzoMadridx 4 жыл бұрын
This was an amazing break down. Just had to fill a new one of these out. Super helpful thanks very much.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks Daniel for watching and the feedback, I appreciate it! Thanks for the support!
@cjnelson2180
@cjnelson2180 3 жыл бұрын
I am watching this in my car outside of my job cause I had no idea how to fill one of these out.
@shan_7714
@shan_7714 3 жыл бұрын
Me too 😅
@edgarv11
@edgarv11 3 жыл бұрын
Me too
@seanpaul1551
@seanpaul1551 3 жыл бұрын
😂😂😂...
@ohhgeebigmack420
@ohhgeebigmack420 3 жыл бұрын
Same but not for me but for wifey. Ive been the head of house hold 10+yrs and she always kept insisting she wanted to work & get a job. Got hired and came to the corp. Office to fill out paperwork. She had no clue what info to write.Came to me waiting in the car.I seem to have confused her or she thinks I'm a silly rabbit,so I had to pull up trusty ol' YT.🥴
@seanpaul1551
@seanpaul1551 3 жыл бұрын
@@ohhgeebigmack420 If the two of you agree to file married/joint then both W4's need to indicate this. If you have children involved then you'll need to decide who and how to carry the children. For example if there's one child, both parents do not need to indicate this on the W4 form. If you both carry the same amount then you'll likely under withhold and owe next year. Additionally concerning income, you will both need to check the box on the right side 2c if incomes are similar. If not you will need to refer to the worksheet on the back pages in case someone needs additional withholding.
@dperson6557
@dperson6557 2 жыл бұрын
Thank You Brian.... I'm working the same job but just with new company acquiring our site so they want to file new W4... Last time I filed one was 2017 so this new one looks more like a 1040 then then old post card one that you only had to fill out number of claimed exemptions... You did a great job in making this new form make sense.
@tritirio.8805
@tritirio.8805 3 жыл бұрын
The video was helpful since this will be our first year filing our own taxes. I was shocked as to how much we need to start having deducted per paycheck so, as to now owe so much as the end of the year. Thank you and wish us lucky !
@tiffanyalexander-davis8989
@tiffanyalexander-davis8989 4 жыл бұрын
Excellent!!!! As I am an Account Manager for payroll - this is extremely helpful when assisting my clients. I will share with my team!!! Thank you....
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks Tiffany for the feedback, I appreciate it!
@pmyoutubxyz
@pmyoutubxyz 4 жыл бұрын
My managers were quite confused when the saw the 2020 form. After reading a lot of FAQs and finally watching this video (and passing it along to them) the form makes a lot more sense. Thank you very much. On a side note your audio quality isn't that great when you're going over the form itself(most of the video), needs a little more treble, bit less midrange and low end. Just some feedback. :-)
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Phil, thanks for the tip on the audio Phil. I just watched a youtube tutorial on the Blue Yeti mic after I read your comment.. haha. I appreciate it!
@Malyssa7
@Malyssa7 4 жыл бұрын
This was amazing! I’m extremely thankful that you took time to impart knowledge. 😭👏🏽
@Spyro0421
@Spyro0421 3 жыл бұрын
Your video explained things so well - I had spent the last hour going over different websites. After watching your video, it all made perfect sense.
@slickyricky6384
@slickyricky6384 4 жыл бұрын
You’re really good at explaining. Good job I’m proud of you. Keep up the good work :)
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Slicky Ricky! I really appreciate your comment and feedback. That's very motivating to me!
@DJERA30
@DJERA30 4 жыл бұрын
Hello, thanks for this video. Question 1: When someone gets married, its something you should go back and look into and fill out together to update? Question 2: Once you figure out Step 2(b) #4, would you divide that withing you and your wife? Or would you just put that on one of the W4s and not the other?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Erik, yes, you would need to take into consideration your tax settings for the WHOLE YEAR in the year that you're getting married. Only one person would take into consideration and populate STEP 4(b) on the W-4.
@Bana888
@Bana888 4 жыл бұрын
Wasn't even aware that the W4 form had changed. Glad I subscribed to this channel. Goldmine of relevant, timely and valuable info.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Banachan888, you are awesome and I'm so happy to hear these videos are helpful!
@KG-by4hv
@KG-by4hv 4 жыл бұрын
Thank you so much. This truly helped me better understand the W4 form. I got caught up paying less taxes and owing money. This is going to prevent me from making that mistake again.
@koshyjerry7558
@koshyjerry7558 4 жыл бұрын
What all types of Deductions can be claimed- for TAX Return 2019?
@sheentazbah1064
@sheentazbah1064 3 жыл бұрын
Thank you for this just about to start a new job. Finally! The last 8 months sucked!
@nyui_inc
@nyui_inc 3 жыл бұрын
Thank God! I knew you would come through B! I saw my paycheck this morning and gawked! I though about calling HR when they open but I have anxiety so I sought google instead lol! And who pops up? YOU are the man! Another reason I know I'm living in the higher frequencies...I can relax now. Muah!
@shibuthomas4611
@shibuthomas4611 4 жыл бұрын
My wife and I submitted our W4 following the married filing jointly. My wife and I both work so our incomes intersected $6,570 based on the chart. We both inputed $252.69 in 4(c) extra withholding. My paycheck showed two federal taxes on my check. $252.69 and the amount I paid before I updated my W4.
@sydneyfinkbohner3737
@sydneyfinkbohner3737 4 жыл бұрын
This was extremely helpful for me to figure out what I was doing with this form. I have never had to fill out a w-4 before, just a w-2 and this made it so easy to understand!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Sydney for the awesome feedback, I really, really, really appreciate it! Thank you for watching and for your support!
@anonymousbiscuit5799
@anonymousbiscuit5799 4 жыл бұрын
What is looked at as similarly pay under this form? Meaning, if one person makes 100k and the other makes 80k is that considered similarly pay for step 2.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
That's a good question A Crosthwait. I'd personally say within 10% of each other. So it might be best to complete Step 2 to be most accurate in your situation.
@Nickydoo-os2ny
@Nickydoo-os2ny 3 жыл бұрын
Absolutely outstanding! I truly appreciate the attention to detail in this video. Thank you!
@reginareid2002
@reginareid2002 4 жыл бұрын
Thanks for sharing your knowledge. I received a notification about this new form and the first person that came to mind was you. I knew you had the answers needed. Keep sharing your knowledge!
@melaniecamara240
@melaniecamara240 4 жыл бұрын
You've made filling out my W4 so easy! Thanks so much!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks so much Melanie for that feedback and kind words, I appreciate it!
@rudyd7929
@rudyd7929 4 жыл бұрын
So would you take the additional withholding amount all from one spouses check if it is a married filing jointly, or split it between them?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Rudy, the recommended procedure is taking it from the higher earning spouse. It's just easier that way and probably causes less confusion (which is probably why it's the recommended way). However, yes you can share the burden between spouses as well.
@leoblack9732
@leoblack9732 4 жыл бұрын
This guy is awesome!! Im a European CPA new US immigrant and I will watch every one of his video's while stuck at home.
@SilviaHernandez-tk3vu
@SilviaHernandez-tk3vu 4 жыл бұрын
Thank you! So much easier then I’d thought it was going to be filling this out !
@dresscode7043
@dresscode7043 3 жыл бұрын
Question that doesn’t seem to get answered on this feed is this: Do both spouses fill out their W4 the exact same way for their separate jobs? Or does only one spouse fill out the form? And what if there is a third job (meaning one spouse has a 2nd job) is another form filled out again? We don’t have any dependents...just jobs. 😉
@hannaleyanderson154
@hannaleyanderson154 2 жыл бұрын
That’s my question, too!!! I wish someone would answer this!!!
@jacquelinec5104
@jacquelinec5104 4 жыл бұрын
Okay so for the second job (lower income) should we be claiming exemptions? I’m confused about that part
@Nancy-gb8zu
@Nancy-gb8zu 4 жыл бұрын
Really appreciate the information you provide. Gives me some confidence in what I'm doing tax wise.
@dmandiola77
@dmandiola77 4 жыл бұрын
So far your walk thru and explanation on this new ridiculous form really is the best one I've come across on the web. Very helpful and nice in spite of this ugly virus. Many blessings to you.
@williamkennedy2477
@williamkennedy2477 4 жыл бұрын
Thanks for the information it was very helpful. I'm doing my taxes myself this year and I want to make sure I get this right!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Awesome! I'm so happy to hear it was helpful, thanks for the feedback William, I appreciate it!
@richb5069
@richb5069 4 жыл бұрын
Thanks for clearly explaining this new method in Layman’s Terms. I can finally update my W4. You Rock man.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thanks for the feedback Rich Dawg, YOU rock!
@RussShawTV
@RussShawTV 3 жыл бұрын
Thanks man Love your videos been self employed for 25 years now taking a job. Great help for w-4 tax sheet info! Thanks again!
@lylecourtnage4511
@lylecourtnage4511 4 жыл бұрын
Nice, clear explanation. I used to be able to ballpark most client W4 in about 45 seconds. Now I give them the video.
@rudysrefuge9033
@rudysrefuge9033 4 жыл бұрын
I was reading some other literature on claiming dependents. It was worded if you have dependents and are expecting the child tax credit, you are required to fill in the dependent amount on the w4. So say 2 kids,= $4000. I have always claimed 0s for dependents. If I leave this blank, can I still claim the child tax credit come time to file?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Rudy's Refuge, absolutely. In your specific situation, what would happen is that you would have withheld $4,000 more in federal taxes than you should have and you would get a refund of $4,000 when you file your taxes. I hope that helps! Thank you for watching and for your support Rudy's Refuge!
@belleC25
@belleC25 4 жыл бұрын
Omg this was perfectly demonstrated...ty
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
OMG, thank you for the OMG comment, I loved it! You are the best, thank you for your support Nishka, I appreciate it!
@msladyfloyd1778
@msladyfloyd1778 4 жыл бұрын
Thank you so very much for your PLAIN ENGLISH steps! I find all things IRS stressful because I do NOT want that as a problem, but being afraid is no good, so THANK YOU.
@saqibwilliam
@saqibwilliam 4 жыл бұрын
I am going to share this video with all of my friends who have no clue including me how to fill this properly. Thanks!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you so much Saqib, I appreciate that and your support! You are amazing!
@lorihughes8062
@lorihughes8062 4 жыл бұрын
Found this video because I'm trying to figure out why our 2019 refund is so big. Going to watch the break even video next. Thanks.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Excellent, I hope it helps Lori! Thanks for watching!
@john-wg2vm
@john-wg2vm 4 жыл бұрын
Do you recommend following the IRS's official guided W2 online questionnaire where they produce a W2 for you? Thanks!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi John, I think you mean the W-4 since only employers produce W-2s and provide that to the IRS. But yes, the IRS questionnaire is the most accurate because they ask you many more questions.
@john-wg2vm
@john-wg2vm 4 жыл бұрын
@@clearvaluetax9382 I meant to say the W-4. Thank you!
@AliAli-pt8pn
@AliAli-pt8pn 4 жыл бұрын
I have w2 what mean plz tell me
@newportilla100
@newportilla100 3 жыл бұрын
Lowkey wished you made the instructional video for using the Withholding Estimator lol. Thanks for the info, much appreciated. You're a Godsend.
@skeefiez11
@skeefiez11 4 жыл бұрын
Thank you for the walk-through. All this was confusing and we got hit with a big tax bill for 2019 because our W4s were not done the right way :(
@jillpritikin8403
@jillpritikin8403 4 жыл бұрын
using for all my employees who are confused by this new form - thanks!!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Jill for your support, I greatly appreciate it, you're the best!
@DJPeezy
@DJPeezy 3 жыл бұрын
When changing my W4, does Extra Withholding line (C) add on to what was previous being withheld or is it the new withheld amount? I didnt have anything written here in previous year.
@lenaywallace2037
@lenaywallace2037 4 жыл бұрын
Grreat video. We were emailed to have the new W4 2020s out to all Empployees, noticed its significant differences, and found this video first. Very helpful and understanding, now we are all subscribed.
@cassiepoole3513
@cassiepoole3513 3 жыл бұрын
This was a big help, this is something I wish would’ve been taught in school. Starting a new job and was totally confused before I found this video.
@BeccaD79
@BeccaD79 4 жыл бұрын
Wish we were taught this stuff in high school! We weren't told we had to fill out a new W-4 at work, so I wonder how my employer is determining how much go withhold?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Seriously, they need to teach this stuff earlier!
@tritirio.8805
@tritirio.8805 3 жыл бұрын
We'll be doing our own taxes this year due to covid and it's starting to get pricier every year. The more we make the more they charge us lol!
@MsSmashone
@MsSmashone 3 жыл бұрын
They determine by what you fill out.
@joannamerrill5660
@joannamerrill5660 4 жыл бұрын
I will definitely be sharing this with our entire staff!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you so much Joanna! You're best, I appreciate the support!
@brendaflores6446
@brendaflores6446 4 жыл бұрын
Thanks so much. It was so easy to fill out W4. I just started a new job and this always trips me up. Greatly appreciate it.
@cliffescobedo9955
@cliffescobedo9955 4 жыл бұрын
What happens if I have a job that is my highest paying job, then I have 2 more jobs that I make way less then my first job, how do I fill out the W4 for those jobs?
@jonibrzezinski7174
@jonibrzezinski7174 4 жыл бұрын
Great video! I was freaking out that I would need to explain this to new employees. Thanks
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Joni, I'm happy to help! Thank you for the feedback, I appreciate it Joni!
@chuckh.5529
@chuckh.5529 4 жыл бұрын
This has been shared to my HR team as well. Damn, great explanation. Going to redo my own W4's now too.
@jenni_can2
@jenni_can2 4 жыл бұрын
I am starting a 2nd job this month. I have the new w4 I am suppose to fill out. This jobs income will be much less than my 1st jobs income. So is it true that I only need to fill out sections 1 and 5 for this new job? And should i do a new w4 for my 1st job to do the dependents?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Jennifer, in your case, you will fill out STEP 2 on your W-4 for your higher paid job. On your lower paid job's W-4, you just complete STEPS 1 and 5.
@lu1slx
@lu1slx 4 жыл бұрын
10-10 this is the perfect video !!!!
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Thank you Luis Luna, 10-10 your comment was perfect!!!
@dexterjackson27
@dexterjackson27 4 жыл бұрын
Thanks to your video, my take home pay just increased about $200 per month !
@brittanydw1148
@brittanydw1148 4 жыл бұрын
This is the first that iv heard of this new form! I'm kinda pist that no one at our jobs has had us update anything. Thanks for the help!! You may have saved our butts on this. This seems complicated. I'm so anxious I'll do it wrong.
@michaelonyemenam258
@michaelonyemenam258 4 жыл бұрын
Im 16 and I'm a minor starting to get my first job, but in order for me to work my Manager said I need to fill this w-4 out. What do I do!!?? Please help
@sueka2519
@sueka2519 4 жыл бұрын
You should do example from each filing status and give example like you did. That would benefit more instead saying if, that and not.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
That's a good idea Sueka!
@laurachillura1819
@laurachillura1819 3 жыл бұрын
Excellent explanation of the new 2020 Federal W-4 Certificate!! Highly recommend watching if you want to know how to complete this form!
@vanhuynh2907
@vanhuynh2907 3 жыл бұрын
Thank you for making these informative videos. It has been very helpful and easy to understand. Financial/tax paperwork can be overwhelming to me but you, sir make them more bearable. Kuddos. Subcribed 👍
@dtaddeo2202
@dtaddeo2202 4 жыл бұрын
This is good. Is this a must or can we just use the 2019 version? why they have to make changes so different than the norm is beyond me?
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi D Taddeo, no, completing and updating your 2020 W-4 is not required. Your settings from 2019 would carry to 2020. However, if you want to update your withholdings, yes, you need to use the 2020 version.
@vg7985
@vg7985 4 жыл бұрын
IRS wants your money faster.
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
@@vg7985 How do I super like this comment?
@FanFickChick1992
@FanFickChick1992 4 жыл бұрын
I'm struggling to understand why I have to put the amount from my calculation on step 4 from the Step 2 (b) form on the extra withholding line. Why do I have to have extra funds withheld if they are already taking out my taxes with this and my other job (for which I have already filled out a W-4).
@clearvaluetax9382
@clearvaluetax9382 4 жыл бұрын
Hi Akihito, please watch 3:17 of the video until 4:50 to understand why. I hope that helps, Happy New Years!
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