How to fill out the IRS Form W4 2023

[@TravisSickle]

Join our channel membership for MORE detailed content and FASTER responses. You also get access to our Discord Channel being a member kzbin.info/door/LoIaI_vPPWX47TamcxtP_Ajoin

[@khinkle-yw2px]

This video was so helpful in filling out the new very-confusing W-4 (as compared to the original - plus the older form was easier to tweak if necessary). Great info! Thank you!

[@rwefree9469]

I am disgusted that it takes a 14 minute video to explain how to fill out a form that used to take a minute to fill out. This change by the IRS is an outrage to demand this level of financial information when you just had to include the number of dependents. Isn’t anybody else irked by this?

[@TravisSickle]

you don't actually submit anything using the estimator. It's designed to be accurate. I agree that it should be simple but that's not the IRS's fault. It's congress for making laws so complex.

[@rwefree9469]

@@TravisSickle They have been making tax laws complex for a long time. The IRS was not mandated to change the form so drastically.

[@TravisSickle]

They changed it when the standard deductions changed. Don’t get me wrong, I’m not a fan at all. I’d abolish the irs today if I could along with all of our taxes.

[@rwefree9469]

@@TravisSickle So, was when the standard deduction went way up, it made it less complicated to do our taxes. Leave it to the IRS to eff things up and make something else more complicated. They could have simply adjusted the W-4 table to still use deductions instead of $$. The IRS needs to abide by the KISS system.

[@chrischapin6199]

Thank you for doing this video. My employer uses an online W-4 system that creates the W-4 like it is a paper form, and I was totally confused by it. Watching your video has helped understand this. Side note - the new form is supposed to "improve transparency" but wow - did they miss that goal. All I wanted to do is change my allowances from 4 to 3 because I ended up paying for 2022, and I ran into this mess.

[@TravisSickle]

Yeah, the whole tax system is convoluted but transparency doesn’t mean simplicity. It should be simple. 💯

[@MatthewHamby]

Yes! I agree with this. I've filled out W-4 forms for years, but this new one has me completely befuddled. I just can't stand, or understand, it. @TravisSickle thank you so much for this video. I helps a lot.

[@johnurban7333]

Really good video explaining how to fill out. I had to have the form in front of me when you were explaining it on the chalkboard so I could see on the form what you were talking about

[@gaylesmith2179]

Thank you so much for this video! I can't tell you how helpful it was. I was so stressed when my paycheck had way too many taxes withheld. This cleared things up and I learned a few new things. Thank you again!!

[@TravisSickle]

awesome, thank you for sharing!

[@RomanSd71]

Good content Travis. It was 14 minutes of useful information as I want to correctly fill out my tax withholdings. And since I have more time than money, this works out well. Thanks again for sharing 👍🏼

[@remarkablylegendary9952]

And also can you do a video for single people who want to get more back on there check

[@musiq002003]

Yes Please Single who want more money in their Paychecks weekly

[@jacobooley2814]

Yes! I’m really trying to figure out how to get more back on my paychecks, as a single person the amount being taken out currently is making it hard to save money/pay bills.

[@dracojensei1141]

@@jacobooley2814 I work 2 jobs my high paying job I did xtra withholding $5 so I hopefully won’t owe state next year and my less paying job I left it at 0 withholding single I work few days at my less. Paying job also I do little self income to help out little but ik I will get a good tax refund

[@AlexYurchak]

This would be a great topic.

[@ItsCherry504]

Single and no kids video please

[@geramyeteeter4126]

Very helpful. Your explanation helped me reverse engineer my deductions. Great job!

[@TravisSickle]

Glad it helped!

[@CarmenPerez-ix4ls]

Thank you for Taking your time to make this period Video. You're really solved the problem I was having with my W4

[@TravisSickle]

Glad it helped

[@mostmost1]

I have not updated my W4 in over a decade. My children are grown now and one out the home. The other employed at the home. My wife and I paid a big tax penalty last year. Tried to adjust my W4 to take more tax out and found out the exemption stuff of the past is different. They took put $9.50 out my last check. I gotta go change that quickly!

[@dianacouch2551]

Yes claim zero if you have NO deductions to file for the next tax year.

[@keikoh4727]

Thank you so much, saved me $25 from asking cpa for help.

[@TravisSickle]

Glad it helped!

[@peteygbklyn]

Excellent and easy to understand explanation of the 2023 W-4 - all details explained, plus excellent tips and advice on how to fill it out accurately! Thanks!

[@danyahalwes3498]

I know this video is like 8 months ago I just wanna say thank you so much that help me a lot and keep this good videos coming. I really do appreciate you. God bless

[@TravisSickle]

You're very welcome!

[@amahajan18]

Thank you for explaining it so well

[@queenlilly11]

Taxes are a whole nother language. Hopefully I will start to understand more and more

[@TravisSickle]

Stick with it. 👍👍

[@ahmedlazm]

Thank you so much that super easy. I was very confused.

[@TravisSickle]

Glad it helped!

[@AlyssaCampbell-z8e]

Thank you so much for this great video. This is a game changer.

[@TravisSickle]

Glad it was helpful!

[@michaelb513]

So I haven't filled out a w-4 since 2016. I always claimed 1 that way i got more money on my paycheck to pay off certain debt. But now I have to fill out the 2023 w-4. where and what do I fill in to make sure I am still getting a paycheck that looked like my old paycheck

[@GodLovesYou5635]

this is great. less intimidating and good Lord, I understand now! Thank you! I will be updating my kid's w4 next year as the interest income we pay on college will have to be accounted for next year. this would most likely decrease her tax withholding if I am guessing correctly ----

[@TravisSickle]

Glad it was helpful!

[@AngeleaBebee]

So helpful! Thank you so much Travis!

[@TravisSickle]

😊

[@kennethmccullough1342]

The W-4 forms used to be so simple. Leave it to the government to take something so easy and make it so convoluted.

[@rwefree9469]

Exactly. Why do we put up with this?

[@joshswarren]

@@rwefree9469 slavery

[@TravisSickle]

🤑

[@petopotamus]

You make some great content....in another couple of years you'll be getting millions of views I think so keep up the good work and thanks for the detailed walk-thru's...also...gosh you look and sound like Tim Robinson...I keep expecting your videos to break into some ridiculous skit!

[@TravisSickle]

I appreciate that!

[@justinsgarage1125]

I miss the days (pre 2019) when you could just put 0, 1, 2, 3 and etc. Idk why they had to over complicate the process. How are you supposed to put your income for the year that hasn’t even happened? What about increase or decrease in 401k contributions? Raises? Births?

[@TravisSickle]

it's more accurate

[@justinsgarage1125]

@@TravisSickle is it still not analyzed when you file your taxes and adjusted accordingly? This still doesn’t account for hourly income earners who still make up an estimated 60% of the workforce. Wage increases/decreases, bonuses, taking on a second job, losing your job and etc. - all of these will influence that calculated figure. At the end of the day, you still have to file accordingly and it’s adjusted like it always has been. I would just rather do what I’ve always done: claim 0 and be done with it.

[@tarkeasydoesit3526]

Thank you thank you thabk you your work is amazing

[@TravisSickle]

You are so welcome

[@StevenPortericker-i9b]

Very helpful, thank you!

[@TravisSickle]

Glad it was helpful!

[@JefferyReed-c6f]

Man you help me out a lot was a little confuse but watching video thumb ☝

[@TravisSickle]

🤑

[@fierceaniya3145]

Hello! This video I have to say was the most informative video that I have come across. I work at a Law Firm of 500 employees as the Benefits Manager in the HR Dept. I work VERY closely with Payroll as well as I do all of the onboarding and offboarding for employees. The number one concern that I am getting from my employees are that they are not seeing FIT being withheld at all in the very first few checks they receive. Of course, their W4's are updated via an online portal (ADP) and from what we can see, it looks correct. The most common I see is this occurs for indviduals that claim dependents. Now, of course, since we are by no means a tax expert or accountant, we advise them to get with their tax specialist to confirm they are making the right selections. Others tend to state that too little was held and then they are having to owe for the first time when going to file their taxes. Do you have any insight on this?? You don't know how many tax preparers/specialists I have asked and not once can provide a definitive answer. Thank you so much for your time with this! -Angela

[@TravisSickle]

It’s because they’re not bothering to read the directions or use the online estimator. They simply multiply $2,000 by the number of dependents and add that to their tax credits. It’s also wrong for the IRS to make it a dependent or child tax credit section. It’s simply an all credit section. While it says that too, it’s missed by most.

[@TravisSickle]

Here is a better explanation… IRS Form W4 TAX ADJUSTMENT kzbin.info/www/bejne/oIWUi6ywr7ugfKM

[@JennyLory]

I'm trying to adjust our withholdings so that we receive a larger paycheck, as we always receive a large refund. We are confused as the W-4 is different from when we originally filled it out years ago, we used to simply increase the number of dependents. Now it is almost like filling out the deductions worksheet on the tax return. We are afraid that if we fill it out incorrectly, they will take even more out of our paycheck and we've been warned it will be impossible to turn it back to the way it is today! I've tried multiple times to use the IRS estimator ,but still am completely confused. 🙄

[@TravisSickle]

Did you use the paycheck calculator after using the Estimator?

[@JennyLory]

@@TravisSickle i do not see a paycheck calculator-- i see a "paycheck Cleanup", that didnt really tell me where to go. I did however just complete my 2022 tax return, so i think i can use this to estimate what i would want my withholdings look like--- the confusing issue is that one or possible 2 of my children will no longer qualify for the CTC. The estimator does not clarify when the age 17 cut off comes into play :/ I certainly don't want to get a penalty, so i'm trying to figure out how i can get my pay MOSTLY in my paycheck , and a minimal refund....and no penalty, and to get it right the first time i file a W-4

[@abarzua21able]

Same

[@DormammuMason]

Thanks this always drives me nuts lol

[@TravisSickle]

Glad to help

[@nicolasrenon]

Suggestion for this video at 9:10, suggest a simple way or online tool to calculate accurately the income for the rest of the year (it's very unlikely someone is going to start a job on Jan 1st).

[@TravisSickle]

They updated it now to show just that.

[@MrGerbil74]

Excellent video. Would you consider doing a similar video for those of use that receive social security? I just used the W4 calculator and it printed out a W4 that had: $0 in 4(a), $13,611 in 4(b) and $444 in 4(c). I'm guessing the $13,611 is reducing the taxable amount of my social security and the $444 is my monthly tax payment. I haven't figured out how to verify all that.

[@TravisSickle]

I can do it. Become a channel member and I will. Just message me once you do.

[@aprilsteward9516]

I owed taxes for 2022 because my job was only taking 8.22 out of my checks for federal. We use workday and I have tried repeatedly to get the issue fixed, I have one dependent and I claim myself only. My sheet shows 3000 but still only 8-12.00 is being taken out. I did the estimator it says I will need another 46 taken out to even out on my taxes but I’m not sure how to fix this and my job is not any help at all.

[@TravisSickle]

kzbin.infozHu8NenvSrs?feature=share

[@mramirez5239]

What happened to A-H one right under the other so I could put all $0.00 to ensure I owe nothing and get the biggest return???? When did all of this change to all of these HUGE amounts? I don't want to owe!! You're not saying anything about that for section 3!!!

[@terrencehill3689]

Dont laugh at me, but with this being on the computer now, and it asks me if my total income will be $200,000 or less ($400,000 if married filing jointly) and im single by the way with no kids, i would just click yes and leave everything 0? Im so use to the old way and doing it on paper. I think for a couple jobs i just did the w4 I clicked no for that. Will that mess my money up or will they correct it?

[@TravisSickle]

kzbin.info_XVZ49YH3QU

[@Bere1311]

I am confused on one thing. My husband filled out his form in Oct 2022 and claimed married and all 3 of our children on his w4. He has FIT coming out but just in the recent month we noticed if he makes 1450 or less no income tax comes out at all but if his paycheck is over this amount he does get FIT taken out why would this be? And should we be worried that we might end up owing at the end of the year? Thank you in advance.

[@TravisSickle]

I think this was answered…been having glitches here on KZbin

[@jsharp5522]

Using the same salaries you provided, how would the tax withholding numbers change if someone were to only fill out Step 1 and check the box in Step 2c?

[@bigmoneymike9113]

if I filed exempt and been exempt since 2012 and the company took the money out anyway what recourse do I have when they claimed they sent my money to the Government??

[@AlexThorn]

Head of household with 1 dependent and I'm stuck on this w4... Especially line 7

[@TravisSickle]

July 19, 2023

[@benjalucian1515]

I'm trying to find out where to change my W4 to show 0 exemptions so the government can take out the maximum of tax dollars from my paycheck. My new employers mistakenly put 1 down for me this last year and I ended up having to pay taxes for the first time in 35 years. I found out from the IRS that W4s are no longer sent to them from employers so I have to change my current W4 with my employer. I pulled the new form and didn't see a place to put "0" exemptions like the old form I'm confused. I had hoped your video would clear things up, but did I miss where you said this?

[@TravisSickle]

it doesn't work that way anymore. use the online estimator.

[@tazellwilliams5776]

Hi, I entered all information correctly, head of household with 1 dependent. WHY FEDERAL WITHHOLDING IS 0? They’re not taking anything out my check.

[@M3ganKathl33n]

I did the same with no dependent and it's hardly taking anything out. I had to do extra withholding. Very freaking frustrating.

[@ashleyhaberkorn1930]

Im having same problem they did not take out any federal last year and now its happening again hpw do i fix it?

[@aflores2693]

Thanks

[@TravisSickle]

Welcome

[@christinaanaya30]

I'm trying to understand this, so i have my daughter that is working part time and is going to college... we just noticed that she's not getting taxes that much on the federal side and was told to us that she has to fill out the W4 forms again to add extra tax withhold? So problem is we don't even know how much more? or where on the paper to fill ot out? Her job isno help and my tax person doesn't know either so I'm trying yo understand how to fill out this forms? For myself as a mom i still claim my kids as dependent so do i need to put that on the W4 forms as well? I don't get it.

[@CharmaineShortt]

I filled out a form for withholding on my pension payments, and am confused about why I am also asked to enter the income from my part-time job- I already have taxes withheld from that income.

[@melg5786]

Would you only fill out one form for the higher paying job when filing “Married filing jointly”. Or would both husband/wife fill out each and turn in to our HR?

[@inspiritandintruth9118]

That is exactly my questions because it makes it seem like maybe you only fill this out on one form. So confusing!!

[@SanguinaryStrife]

If you start working in June... and you put $35K as your annual salary... when it really should be $70K for the full year... You tax withholdings will be lower than what it should be for the full calendar year... Does this mean you have to keep updating your W-4 form when January comes? What about getting a raise, should you update it then too? I just don't want to owe so much, I rather take out my taxes per paycheck.

[@TravisSickle]

July 8, 2023

[@marruz0]

The way you showed that presidential 3$ tax campaign note was amazing!! The accuracy with the numbers is off the charts.

[@TravisSickle]

🎉❤❤❤

[@briangomoll5965]

Nice rundown. Why did they have to change the form? 1, 2, or 3 was easier.

[@TravisSickle]

But not as accurate

[@rwefree9469]

@@TravisSickle Who cares? It worked fine. This new form is ridiculous.

[@sharonb3101]

Hi Travis. Thank you for advising on the Tax Withholding Estimator and the Paycheck estimator. I have a client that she paid her employees in the past by a 1099. We are in the process of getting her changed over to W2's. Yes, the W4 form is EXTREMELY confusing! The couple I am helping files married/joint return. They previously were both paid at their jobs by 1099. Now only one will be paid by a 1099. So...in the section that states "Check the numbers you previously entered or enter your or your spouse’s annual income manually*" Does this mean to use the annual salary of the person that will be reported on a W2 then add the spouse's income in the self-employed section that will still be reported on a 1099?

[@TravisSickle]

The 1099 income goes in the self employed section only.

[@heathercontois4501]

So, my boss and I are the only 2 people working in the office. Small business through and through, which is why he is using Quickbooks for his payroll. We have been looking into it all week and still cannot get any answers as to why we had NO FEDERAL TAXES payed from our weekly paychecks for the last year. Did this W4 get put into effect last January?

[@bgsuminecrafteducationedit421]

Travis, I get a large sum of money on a single check next month. I want to take as little as possible out of taxes for that check to keep as much of that check as possible. How can I tweak my W-4 to do this? Before tRump changed the tax process, I would only go in and add 10 for that check. I need to know how I can do this. Thanks!

[@TravisSickle]

If you want less withholdings you could increase the credit section however, I would run it through the online estimator to check.

[@gardengals77]

This was very helpful! The only part that didn’t work for me was the PDF at the end of the online estimator. I’m wondering if something has changed since this video. I did it on a Computer and phone and neither had to option to show where to enter the info on the w4

[@TravisSickle]

At the end, did it say anything? Might not need to make an adjustment.

[@VladTrump]

how do i know the pay periods and when we get paid and how much i got paid (i didn't) if we are just starting and haven't received a paycheck?

[@01cherrelle]

If you’re adding a dependent, do you multiply the number of dependents by your annual income? That part is confusing to me . Thank you for help,

[@dr.anikasimmons3044]

Hello, thanks for sharing this information, I am a bit confused with completing this form as an adjunct professor, I only get paid when the semester begins. The amount of pay May change, as well as the frequency of pay may change every 3 months, and now I am being asked to completed a W4 for a new part time job. Not sure how to calculate, any suggestions to get this as accurate as possible? Any suggestions would be helpful

[@TravisSickle]

kzbin.infoWJHUn1Z1jhM?feature=share

[@amberr1395]

After I fill out the online tax estimator, I don’t see an option where I can view the filled out w4

[@ashleydawnbowman11]

With the estimator tool and putting the income or salary in are we putting gross only in all boxes or net.

[@himguy8043]

How do I go about filing a w-4 if I had a seasonal job?

[@golden-ish652]

What if we want a tax refund? Say we would like to get a refund around $1,500-$2000, how do we set it up for that? I understand that means we’d have to have more come out of our paychecks.

[@macwright59]

I want less tax taken out of each check. Can you tell me what to put in section 3 and/or 4

[@tierawashington246]

Hey! So I’m confused! I’m married but filing separately I have 1 child which automatically gives my $2000. Directly under is an additional $500 I wouldn’t select that. Next question on the previous w4 form line 5 was a section you would put 0,1 or 2/3. I no longer see that section

[@TravisSickle]

July 14, 2023

[@MikeVild]

Your video was very helpful. One question is the child credit. After using the IRS tax estimator and clicking the link and it fills out your W-4. It does not fill out the qualifying children amount. It does put additional credits in the blank. I am trying to increase the take home amount of my pay check.Following the estimator helped with that. Just making sure when I give to my employer I do not have to have the child section filled out. And will that affect anything. Or should I fill it in?

[@TravisSickle]

July 19, 2023

[@lepreciousmoore2265]

Yikes . I don’t know why I can’t understand the step 3. I’m single with 3 children with one job but this is the second job this year. . Do I do that part ? Or do I skip it ? I do not know if I should exempt from anything or only claim . I’m sorry if that’s confusing could you go into detail a little more on that .

[@TravisSickle]

use the online estimator.

[@tracygaudet2241]

This was extremely helpful! Using the online tool .... my only questions is when I enter the federal tax paid amount do I add my Fed & FICA together?

[@TravisSickle]

Just federal

[@awesomejoel4151]

Thank you ...for joint filing should both need fill up with children dependent info?

[@TravisSickle]

likely not. use the online estimator.

[@RoadrunnerGA]

Great info but i am a bit confused on one part cuz you speak a little quickly and i replayed also so help me here... spouse 1 and spouse two, filing jointly. Started figuring via a tax program their taxes and the program is saying they owe over 2K in taxes. I want to get their w-4 corrected (dad doing for kids) if needed apparently. Spouse 1 will have 2 jobs in 2023 (getting ready to accept new job), spouse two has one job now but is waiting for final interview result but one job at moment 2023. So if we use the tax est'or site and i put in their total income info into the form and for say for sake of example at end it says put $68.00 in additional withholding do BOTH spouses put that amount of their respective forms or just one? and what does the second spouse put on theirs? Thought we did these correct when we did the "new" forms the first time but for some reason it is saying they owe a lot and they are new young couple with no extra cash to be paying tax bills. Help us please... reside in Atl area if that has any affect on anything in the end. THX! First time to enter a comment so not sure where will see answers on here or email to me...

[@laronicalovve]

Im so confused on these W-4 forms. I always put Head of household and file with 2 dependents. But i dont know what to put on the dependents line.

[@TravisSickle]

July 20, 2023

[@JessieP-qz8ng]

What if you’re getting a refund with 2 dependents and zero adjustments? Do you leave it all blank and sign? What if I want less taken out each pay period? Do I put anything on this form?

[@calmlapbcsmx]

I wanted to clarify that when filling out the wages and year to date amounts on the IRS tax withholding estimator that we should use gross wages? The online estimator does not really say if it is gross or net wages?

[@TravisSickle]

Gross

[@trishyager308]

Thanks for the info. A correction for 4c. It adds per paycheck, not per year. if you put 2,000.00, it would take an extra 2,000 withholding for EACH PAYCHECK. Otherwise, very helpful video. Thanks!

[@TravisSickle]

yeah, great point!

[@RedBaron63650]

Oh my gosh, finally someone that can explain things clearly... thank you. I am switching from contractor for a big tech employer to a full time employee so technically my employer is changing from the contracting agency to the tech company and I have to file a new W4, also because I am getting a decent pay raise and my wife maybe changing job soon, this year is gonna be complicated. We *can* adjust the W4s later on, right ? I haven't' decided about ROTH, 401K and things like that. Last, we have my stepson who is 25 and living with us since 1/1/23, no income, job, we provide 100% of his needs and support, he can be claimed as a dependent , right ?

[@TravisSickle]

congrats on the raise! Yes, you can redo the IRS form W4. In fact, you can use it to show how your taxes will look if you used a roth or 401k too. You can likely claim your stepson as a dependent, here is the link to an IRS tool to verify...www.irs.gov/help/ita/whom-may-i-claim-as-a-dependent

[@Carguylogan]

So regarding step 3, if I want to reduce the amount withheld from each check so that I am close to break-even when I file my taxes (I don't allow people to borrow my money for free) I would just write a dollar amount on line 3 that adds to my standard deduction?

[@kristinawelch4522]

How does getting overtime affect filling out this form? My paychecks vary since we get overtime almost every week but it’s not the same every week

[@nastasiafarmer7804]

Thank you for the video! It is so helpful. In my scenario it looks like my husband has been having way to much taken out of his paychecks. Since that is the case the estimator takes the overpayment into account and he can add a credit of over $9k even with my new income will add a second income to our household for half of 2023. My question if we take the estimators advice. We would need to fill new W4's in Jan 2024 correct? To ensure too much is not taken out from 2024 paychecks?

[@TravisSickle]

Should I review my tax withholdings every year?

[@hathor9777]

my estimator results have no section regarding "how to adjust your withholding! There is no section labeled this. I have no idea how to fill out the form for my new job using this calculator and I need to because my spouse makes more than double what I do. I went through all this trouble for nothing and im still lost.

[@TravisSickle]

Make sure the slider is all the way to the left. Also, what does it say?

[@salud8526]

Where do I write EXEMP on the document?????

[@TravisSickle]

July 8, 2023

[@savingwithsyndee5195]

Should I be inputting married because I file jointly? Currently on my w4 it’s single but I file jointly.

[@playmakerrek6178]

Hello Thank you for you video! I have a questions regarding about the other credit in line 3. In line 3, does other credit be like mooout the other credit in line 3. In line 3, does other credit be like money you ower from the bank such as credit card bills that have interest ? thank you

[@TravisSickle]

Huh?

[@aby9097]

Hi, Travis. I’m still having difficulty understanding, May you please recommend what I fill out in my case? I am single and have recently gotten accepted for a W2 job of which is asking me to fill out this form. I have worked gig apps the past year or so such as uber, DoorDash + 5 others gig apps, so the money always ranges. Is it possible for me to somehow have the IRS deduct money from my new W2 job just in case I owe taxes when the times comes, instead of I saving the money myself? If so, May you please let me know where I should write the amount I want deducted? I assume it’s only on 4c but I’m not sure. Also, do I have to write my income for each individual gig app I work for or how should I decide which to mention (if any for step 2 multiple jobs worksheet)? I’ve only worked these apps for about 10 months. Greatly appreciate any help.

[@JenniferLopes-wv2yc]

Hello! This new w4 form is so confusing. I was Married filing jointly claiming 4. I would like to change it to Married filing jointly claiming 2 and cannot figure out how to fill this form out. Help!

[@TravisSickle]

that's just not a thing anymore. 2017 TCJA changed it and increased the standard deduction to cover exemptions. Use the online estimator for the most accurate results.

[@eherring30]

What if I'm already working and then I get a another job? Do I have to change my W-4 for the job i am currently at? or just add it to the W-4 of my new job? Wouldn't that be 2 w4s for one job

[@rainmaryann1741]

Thank u

[@TravisSickle]

Welcome

[@ashley_zimmerman]

As a single person with no dependents, what would you recommend someone like myself fill out? I’ve been trying to find any info on how to fill out steps 2-4 if applicable, and people who have said filling out 0’s is now illegal. With the changes for this form, any clarification would be very helpful! Also, any advice on if you have other side income gigs (I.e. Uber, Lyft, etc.) as far as reporting that on the 2023 W4 form? Especially if you’re not sure how much money you’ll make, whether actual/estimated for the year? Thank you in advance!!

[@TravisSickle]

Zeros is not illegal. Zeros doesn’t give you zero withholdings either.

[@ashley_zimmerman]

@@TravisSickle I appreciate the confirmation! I had filled out all 0’s for maximum withholding, as I’ve done before, but just wanted to double check first before fully submitting the form to my future employer. Thank you, Travis!

[@TravisSickle]

@@ashley_zimmerman zeros are not max withholds either. But if you only have 1 job, you're likely fine with using zero. If you want to withhold more, add to line 4c.

[@dianacouch2551]

@@TravisSickle EXACTLY.....I work with this daily and to have NO Taxes withheld you have to write the word EXEMPT not 0

[@breannalemos502]

@@dianacouch2551 on what line do you write excempt?

[@tattoos00]

With this new style of W4, where can we put S1 for the most money back at the end of the year? Or is that what the 1c is for?

[@TravisSickle]

depends on your situation.

[@Dierr0r]

So would step 3 entering any other credits would that be considered trade schooling?

[@deborah3250]

Hello Travis, I am in desperate need of clarification here. I am single and I live alone. I just got a new job, hence the w4. I want the very least taken out of my paycheck as I can legally get away with. How do I claim myself as a dependent? Do I write 2000 or a 1 in the 3rd box? This is worse than going to the dentist.

[@TravisSickle]

You can’t claim yourself as a dependent. Just go slow and follow the video. I’m going to prepare more videos as well.

[@PhilipLalog]

it doesn't seem to work if you get varying overtime pay.

[@eherring30]

What if I'm already working and then I get a new job do I have to change my W-4 for the job on it currently have or just add it to the W-4 of my new job

[@WeiYangplatero]

Thank you for the excellent explanation! What if the compensation consists of Salary + RSU (restricted stock unit), and the company only withholds RSU tax at a lower rate?

[@TravisSickle]

You can increase your withholdings on line 4c. The amount on line 4c gets divided by the amount of pay periods for the year.

[@autumnbrown2657]

Hi Travis, please can you help me out! I have been searching for an answer and no one knows🙄 my husband was put on disability from Covid so we had a major change in our income and now we owe for 2022. So now I am trying to adjust his w-4 for his employer because he is just part time there, and the w-4S for the disability company. Am I supposed to include the total income from both places on both w-4s or separate? Please help?

[@dericaj12]

As a single person, no kids one job and I want them to withhold as much as possible do i put 1 or 0?

[@TravisSickle]

1 or 0 is not a thing anymore. It hasn't been a thing for years now.

[@dericaj12]

So I leave everything blank & if I want them to withhold extra I write it down on step 4c

[@massi8238]

Bruh all i want to know is where I place 0 on the new form for withholdings idk why they changed it so much.

[@TravisSickle]

not a thing anymore.

[@benjalucian1515]

@@TravisSickle So what is the answer now?

[@wc5627]

If I am separated and filing separate and earn over 50,000 per year should I have an extra amount taken out if I have no dependents?

[@TravisSickle]

use the online estimator.

[@ManojKumar-zd1yy]

Hi Travis, the video is really helpful. I just have a quick question. If I am in the USA and my wife is back in India, what option should I select on the first screen? Do I have to mention that I am single?

[@lukes0327]

Can you send the link for the estimator? When I go to the IRS website I only get it for 22' tax year. Thanks

[@denisecapps3467]

I am so lost. I have always claimed "0" on my W4 (old form) so they would take out more on my check and I would get a refund. I messed up with a new job last year, had no clue what I was doing and now I own $1600. I just want to know how to fill this new one out so they take max and I DO NOT owe next year. Can you help me understand this and help me know how to fill it out for a new job?

[@TravisSickle]

July 8, 2023

[@AlbertaRaybon]

Both my wife and I have income. We will be filing married filing jointly. How, I don't see where I include her salary on the IRS estimator. Where do I enter her salary in the estimator so I can provide a W4 for her employer?

[@cristinamaldonado3936]

Having trouble filling out my w4 trying to figure out why im not getting income back

[@TheOnlyEpisode]

What specifically do I change if I simply want the maximum amount of net pay per paycheck? Ideally what I’m aiming for is little to no return come income tax return time, but I also don’t owe, and get the maximum payment weekly per paycheck. I’m single with zero kids so I don’t have dependents and I’m not sure what I can legally change on the W4 to make these adjustments.

[@TravisSickle]

July 8, 2023

[@emeryheuer142]

Should the wages entered be gross pay or net pay? My guess would be gross but I would rather not assume on this kind of stuff. Thanks for your help!!

[@TravisSickle]

August 11, 2023

[@RedFive03]

Where the calculator asked for the number of jobs, is that combined with my spouse or just for me? Married filing jointly, and we each just have 1 job. Expecting our first child in a few weeks, so I want to get this all sorted out.

[@TravisSickle]

Combined…it will generate w4 for each job. Resubmit new w4 to all jobs.

[@mzbrandice1982]

Definitely need some help with box 3 for the last 2 years I've been claiming both of my elderly parents as dependents seeing as though I'm the only one who actually works in the house My parents are both retired I've had single on my w-4s since I can remember but I've always filed for head of household on my taxes What should I do?

[@TravisSickle]

If they qualify as dependents…yes

[@mzbrandice1982]

Thanks