W4 | w-4 tax form. How to fill out tax form W4 Employee Withholding Certificate. IRS tax form W-4.

W4 | w-4 tax form, how to fill out W4 Employee Withholding Certificate. IRS form W-4 tax.
#w-4 #Katie_St_Ores #W4
W4 2023 is almost identical to W4 Tax Form 2023
W4 withholding instructions for Married filing jointly with dependents. w-4 withholding Married filing jointly .
How to fill out w4 tax form.
Employee W-4 Withholding Certificate W4 - New Job
W4 | Employee's Withholding Certificate | IRS Tax Form W4.
Step by Step Walkthrough
How to fill out a W-4 form for Married filing Jointly
W4 Tax Form has 3 variations:
W4 single Tax Form - Single
W4 Head of Tax Form - Head of Household
W4 Married filing Jointly Tax Form - Married Filing Jointly
How to fill out W4 Employee Withholding Certificate. IRS tax form W-4 tax.
W4 Tax Estimator or IRS W-4 Form Estimator
www.irs.gov/individuals/tax-w...
W4 IRS tax Form W-4
www.irs.gov/pub/irs-pdf/fw4.pdf
W4 instructions for Married filing jointly.
Step by step walkthrough video log:
00:27 How to find Form W-4
0:45 IRS.gov IRS tax form W4
1:01 Current Version Form w4 in PDF
1:26 W-4 Employee's Withholding Certificate
1:38 Only steps 1 & 5 are required for W4
2:32 How to check your Tax filing Status
3:11 W4 multiple jobs
3:33 w4 two jobs with similar pay
4:01 W4 video with multiple jobs worksheet
5:03 Step 3 Claim Dependents on W-4
5:33 Step 4 Other Adjustments for W4
6:39 W4 Step 4 Other Adjustments
7:18 Step 5 Sign and Date W4 or it's not valid
7:34 Review of W4 Tax Form
Katie St Ores CFP has done a 'How To file a W4' video for each W-4 Form:
Employee's Withholding Certificate
How to fill out a W4 Form
How to fill out W4 single W-4
How to fill out a w4 Married Filing Jointly W-4
How to fill out a W-4 Head of Household W4
For W4 married filing separately, please watch How to fill out W4 single.
(W4 for Single is the same as W-4 for married filing separately)
Good luck and Thanks again...
Note: Please understand that these videos are for EDUCATIONAL purposes only and are very general.. All people and their financial situations are different. So it is important to consult your tax or financial professional.
_________________________________________________
Katie St Ores CFP®, ChFC®, EA, LTC
McMinnville, Oregon 97128
Tax preparer near me
• 97 Hours of Continuing Education each year to maintain Professional designations
• CFP® - Certified Financial Planner
• ChFC® - Chartered Financial Consultant
• EA - Enrolled Agent - Empowered by the U.S. Dept. of the Treasury
• Licensed Tax Consultant -Licensed by the State of Oregon
• Registered Investment Adviser- Oregon Div. of Financial Regulation
• Tax Accountant - Markusen & Schwing CPA's
2023, 2022, 2020, 2021 Women’s Initiative (WIN) CFP® Board
2023, 2022, 2021, 2019 Financial Women to Watch on KZbin
Yamhill 97101 97111 97114 97115 97127 97128 97132 97148 97378 97396

[@sweetpeasurvivor8784]

Omg thank you so much for sharing this. Every year I run into this problem how to fill out my W2 form. You were simple and straight to the point. Thank you 😊. Greatly appreciate it 🙏🏽 💫❣🌹

[@KatieStOresCFPChFCEA]

[1:12pm PST] @SaintOres.com Thanks SweetPea, I'm glad it was helpful.

[@insertmetalusernamehere]

I needed this and it just popped up on my feed. Good score KZbin.

[@KatieStOresCFPChFCEA]

[9:15am PST] @SaintOres.com Thanks Metal_Head, Glad you liked it!

[@FloridaNative9212]

Mine too

[@rened4804]

Good job! keep up the good work.

[@KatieStOresCFPChFCEA]

[12:11pm PST] @TaxesbyKatie.com Thanks Rene, will do!

[@karencomer5793]

This really help me to prepare for my new job, when it was time for me to fill out my tax form. Thank you 😊

[@KatieStOresCFPChFCEA]

[11:58am PST] @SaintOres.com Thanks Karen, I'm glad it was helpful.

[@darienayers1505]

I can't find the words to express my appreciation Katie. 🙏❤️🌹

[@KatieStOresCFPChFCEA]

You're welcome Darien....

[@darienayers1505]

@@KatieStOresCFPChFCEA 🌹

[@user-mv7ey7rb1p]

Lol

[@mr.oversoul]

awesome stuff!

[@KatieStOresCFPChFCEA]

[2:13pm PST] @TaxesbyKatie.com Thanks OverSoul, Glad you think so! But it is only a W-4 video....

[@_nocapspace_860]

Thank you really helped ✊🏿🙏🏿🙌🏿 Big subscribed

[@KatieStOresCFPChFCEA]

[1:12pm PST] @SaintOres.com Thanks NoCap... Glad it helped and welcome aboard.

[@mmichael2383]

Great work katie👍🏽you've helped me fill out my form was a lil confused at first 😊

[@KatieStOresCFPChFCEA]

[4:23pm PST] @SaintOres.com Thanks M M M M Michael, Happy to help!

[@orlandowilliams5309]

Awesome job 👏 💯💙🔥🥇

[@KatieStOresCFPChFCEA]

[11:11am PST] @SaintOres.com Thanks Orlando, I appreciate the nice comment...

[@notgoingtogetme6923]

Thx for this I didn’t know step 2 3 4 are optional was stuck at that because never did tax’s before that lot

[@KatieStOresCFPChFCEA]

[12:45pm PST] @SaintOres.com Thanks Victor, It's good to know it helped out.

[@monical8422]

Well that was easy, thank you 😊

[@KatieStOresCFPChFCEA]

[11:41am PST] @TaxesbyKatie.com Thanks Monica, Glad it helped!

[@Angela-po7cr]

your so great awesome

[@KatieStOresCFPChFCEA]

Thanks for the AWESOME comment Angela...

[@debrafitch8406]

That was really helpful. Thanks so much.

[@KatieStOresCFPChFCEA]

Thanks Debra, Glad it was helpful! Sorry.... REALLY helpful.

[@merarirodriguez2127]

Does Child support deduction get added anywhere on the w4? Or is that just something they do separately? If im the Employer: Do i just call the CS ofc and advise they're my employee and their weekly pay amnt?

[@investorgeny]

Thank you for taking the time to make this helpful video! 🤝 Step 2 through Step 4 can appear to be a bit difficult to fill out.

[@KatieStOresCFPChFCEA]

[2:25pm PST] @SaintOres.com Thanks Gen Y investor, Glad it was helpful! Remember you can always submit another W-4 down the road if the withholding doesn't look accurate.

[@dante0086]

Your a saint thank you so much 😊

[@KatieStOresCFPChFCEA]

[11:11am PST] @SaintOres.com Thanks Michael, Happy to help. And I am a Saint....

[@jeremyvaughn9115]

Thanks for doing this video

[@KatieStOresCFPChFCEA]

[09:38 AM PST] @SaintOres.com Thanks Jeremy, You're welcome.

[@shefa9016]

thank you so much!

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Thanks Shefa, You're welcome.

[@ALLinALL2013]

Thank you

[@KatieStOresCFPChFCEA]

Thanks Aybars, You're welcome

[@munozman33]

So I just began working again little over a month ago. My past 3 paystubs show $0 taxes taken out. I’ve asked my employer to assist because I was unaware of the new W4 form and filled it out as I would the old version. I’m still confused and worried.

[@KatieStOresCFPChFCEA]

[2:53pm PST] @SaintOres.com Hey Munie, It is possible that some people will NOT have tax withheld. I'm not aware of your exact income level and your family situation, so you should try using the IRS withholding tax estimator to get a more exact answer. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@stevenchapman365]

i did it exactly the way u said it seemed pretty easy, however on my wifes check no taxes were withdrawn.

[@KatieStOresCFPChFCEA]

[10:13am PST] @SaintOres.com Hey Steven, It is possible that some people will NOT have taxes withheld. A lot depends on the wage level and the family situation.

[@morningtidefilms]

Katie, these videos are great! I tried also the tax withholding estimator video, but I'm too slow to understand that one, so I'm using this video. If we are going to max out our 401k, and we're using the method on this video, should we just use the page 4 chart (higher vs lower income chart) and reduce our income by the amount we are contributing to the 401k? So if we make $80,000 in your example, but are maxing out $19,500, then should we use the row that matches $60,500 ($80,000-$19,500)?

[@KatieStOresCFPChFCEA]

[11:21am PST] @TaxesbyKatie.com Hey Morningtide, Interesting question. When you contribute to a 401(k), your taxable income goes down, and so the amount of tax that your employer calculates to have withheld from your paycheck also goes down. I never thought about it this way but it would make sense to use the row $60,500.

[@morningtidefilms]

@@KatieStOresCFPChFCEA Thank you! I'm going to share your video with my friends

[@KatieStOresCFPChFCEA]

[12:31pm PST] @TaxesbyKatie.com You're welcome. MorningTide....

[@vvalle3318]

Thank you so much for taking the time to post video and can you do a video how to file for Stimulus check for independence which receive on the non tax file cause I’m receive SSI and I receive my check, but not my son and husband? Please and thank you so much.

[@KatieStOresCFPChFCEA]

Hello V, I plan to film more videos after the tax season is over. The IRS extended the deadline so once the busy season is over, I'll look into that. Thanks for the input.

[@cacahead3786]

Can I come here to make changes on the form?

[@alexusfulton6608]

on some videos , it says to write the word exempt under line 4c , is that accurate or it doesn't matter if we write it or not ? I don't use section 4 so just want to make sure

[@KatieStOresCFPChFCEA]

[1:43pm PST] @SaintOres.com Hey Alexus, If you want to claim exempt, write EXEMPT under line 4c. However, you may claim EXEMPT from withholding only if: 1. Last year you had the right to a full refund of ALL federal tax income AND 2. This year you expect a full refund of ALL federal income tax. Important: if you claim EXEMPT, you must complete a new W-4 annually in February.

[@ivan199120]

How do you fill this out if your jobs are based on commission? It asks how often you get paid, well if its commission you get paid when you make a sale. There is no option for that. You also don't know how much you're going to make. I've looked everywhere for this and cannot seem to find an answer. I went online and the online tool asks for weekly, once a month, twice a month or biweekly but with sales jobs you don't know when you'll get paid.

[@KatieStOresCFPChFCEA]

[12:01pm PST] @SaintOres.com Hey Orange, If you are commission-based, most likely you are an independent contractor and not an employee. Hence, you don't need to fill out form W-4.

[@Nemrac_0123]

I usually would file HOH with 4 dependents on my 2019 form. How do I do that same thing on the new 2020 form. I only have one child, But I like paying less taxes on paycheck and get less back at filing time.

[@KatieStOresCFPChFCEA]

Hello Nemrac, You can omit Step 3 and don't claim any dependents. This should increase the withholding. But the best way to go about it is to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@melvinking7477]

Hey Katie, thx for sharing your knowledge and I have two questions 1. My wife doesn't and I file jointly, can I add my wife as other dependents in step 3 ? 2. If I want to increase the withholding, how to use page 4 to estimate since my wife doesn't work and can I just add any amount that I feel ok on step 4c ? 3. I have 401k Pre-Tax and Roth , should I mentioned this anywhere in W4 ?

[@KatieStOresCFPChFCEA]

[2:43pm PST] @TaxesbyKatie.com Hello Melvin, You can't add your spouse as a dependent. As far as the other questions, the best route is to use the IRS withholding tax estimator (which was just recently updated). Use the results from the estimator to determine what information to put on your W-4. Eyeballing amount on 4(c) is a scary thing to do on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@mukhabatpaizova226]

Thank you for the helpful video, do I have to write amount of money the IRS can keep more tax on step 4 C ? I want to pay more tax monthly.

[@KatieStOresCFPChFCEA]

[10:33am PST] @SaintOres.com Hello Mukhabat, Yes, you'll enter the additional amount you want withheld in each pay period.

[@BOOK4WORM]

Katie will you please make a video how to file a 1040 SR 2020 married couple one senior wife still working 59 yo Will apreciate

[@KatieStOresCFPChFCEA]

Hello Book Worm, I do have a video very close to the one you requested. Here is the link. kzbin.info/www/bejne/oYecn3Vrmdd8ldU I'll post a few more 1040-SR videos as I get a chance.

[@shanemiller2658]

Hi Katie, I have a question. For the step 3, if i am the oldest child in the family(19 years old), do I multiply the number of my siblings under 17 by $2000? Thank you.

[@KatieStOresCFPChFCEA]

[10:23am PST] @TaxesbyKatie.com Hey Shane, If you are filing as a head of household, and your younger siblings are dependents on your tax return, then yes, you multiply the number of the kids under 17 by $2,000.

[@authentikbeauti]

I absolutely love the simplicity of this breakdown. Where did the interest come from? Is that from like property or mortgage taxes? Loans and credit cards?

[@KatieStOresCFPChFCEA]

[11:01am PST] @SaintOres.com Hello ModelMi, This is interest income from bank savings accounts, for example.

[@authentikbeauti]

@@KatieStOresCFPChFCEA Thank you so much for your prompt reply. You've just gained a new subscriber!

[@KatieStOresCFPChFCEA]

[11:51am PST] @SaintOres.com Thanks ModelMi.... Welcome aboard.

[@VutbttrillionaireLe]

Thanks u 😍

[@KatieStOresCFPChFCEA]

[4:33pm PST] @SaintOres.com You're welcome Trillionaire....

[@scott_t_woodsman]

Thanks, I don’t have 2 jobs so I like the short version.

[@KatieStOresCFPChFCEA]

Thanks Scott.

[@KatieStOresCFPChFCEA]

google.com/localservices/review/taxesbykatie Thanks Scott... I appreciate the review.

[@jjmeristil1]

Hi Katie! Thank you so much for the video. If I have two jobs but don't want to claim anybody or anything, should I just jump from step 1 to step 5, please? Your answer will be appreciated.

[@KatieStOresCFPChFCEA]

[11:01am PST] @SaintOres.com Hey Jjmeristil, Sure, you can do that. Steps 1 and 5 are mandatory, the rest is optional.

[@Motorideto]

How do I claim “1” which is myself. Something I was easily able to do yearly up until 2020? So less money is taken from my pay? Thnx.

[@KatieStOresCFPChFCEA]

[10:51am PST] @SaintOres.com Hello Garrett, Allowances are no longer used on Form W-4. If you want less money taken out of your paycheck, try using the IRS withholding tax estimator. You can make adjustments and see how these adjustments affect your withholding. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U OR Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@jayheine8108]

Thank you so much for this info! I just left an employer that filled this form out for me and I never got it to sign it! What would be my best course of action if I find out that there’s a forge signature or they have lied to the IRS?

[@KatieStOresCFPChFCEA]

[12:05pm PST] @SaintOres.com Hey Jay, In this situation, you will have to contact the IRS directly and request their guidance on this issue. Good luck!

[@jayheine8108]

@@KatieStOresCFPChFCEA I have printed out the forum to fill out and file but I wanted to make sure what had been done to me and every employee they have ever had was done wrong. I just can’t wait to see what my signature looks like cause I never signed a w4 with them.

[@ureta146]

Hi! What would I put if I’m Single( not head of household) and no children. This is my only job and I want to get taxed accurately so I don’t have to pay back.

[@KatieStOresCFPChFCEA]

Hey Ureta, For the most accurate results you should try using the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. Here's the link. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@Jem5122]

I have 1 more question thats a bit long. In my state if you make over $12,400 you need to file taxes. A few months ago I worked a job where I made $2,500 (after taxes deducted). I then got a job at my school that gives me a 10,000 stipend (no weekly pay just the stipend). Would I be able to check the box that states "This year I do not expect to owe any Maryland income tax and expect to have the right to a full refund of all income tax withheld. (This includes seasonal and student employees whose annual income will be below the minimum filing requirements)."

[@KatieStOresCFPChFCEA]

[11:01am PST] @SaintOres.com Hey Jane, That is a tricky question. Because stipends could be taxable in some situations and not taxable in others. If it is taxable, then people who receive stipends don't have taxes withdrawn to pay for Medicare and Social Security. So you'll have to pay the entire 15.3% withholding tax, both your portion and the employer's portion out of your own pocket. I would talk to the HR department at your school.

[@Jessica_PMHNP]

What if you check 2C box? Will this increase the amount of taxes withHeld per paycheck?

[@KatieStOresCFPChFCEA]

[9:53 AM PST] @SaintOres.com Hello Jessica, If you and your spouse work a total of two jobs, and you check the box 2C of the form (you must also check the box on the W-4 form of your other job as well). By checking the box, your standard deduction and tax brackets will be cut in half for each job to calculate withholding.

[@thatssodai]

Hello, I am currently filling out my W-4 and I usually claim one as my dependent (my child) for my tax withholdings. On the new form is there a place that I fill that in or are they now skipping that step? I am claiming as head of household.

[@KatieStOresCFPChFCEA]

[3:33pm PST] @SaintOres.com Hey TD, In 2020, the W-4 form was drastically changed. You don't claim withholding "allowances" anymore, and exemptions deductions also were eliminated. Now you use Step 3 to claim your dependents.

[@jennyfrancois9132]

@@KatieStOresCFPChFCEA thank you for the video. I have a question if I'm married but filing separately for some personal issues. We have a child that is under 17 so if I'm claiming the child as my dependent then on my husband's W-4 form what does he put for step 3?

[@KatieStOresCFPChFCEA]

[10:45am PST]@SaintOres.com Hey Jenny, The general rule is that if you do not file a joint return with your child's other parent, then only one of you can claim the child as a dependent. So your spouse would omit Step 3.

[@jennyfrancois9132]

@@KatieStOresCFPChFCEA thank you so much!

[@Jkkxs2]

Hi Katie. How would I file if I have two jobs, but am not generating any income from one of them? But am still technically employed.

[@KatieStOresCFPChFCEA]

Hello Juju, if your job income is truly zero, you can disregard it since it will not impact your taxable income or withholding.

[@myyoutubechannel3161]

hey, Katie, what if you are single and you are currently working 1 job but you will be getting another job? Do you fill out step 2?

[@KatieStOresCFPChFCEA]

[9:42am PST] @SaintOres.com Hey Myyoutube, Yes, when you will be completing form W-4 for your second job, you will be filling out Step 2.

[@duanespeck2316]

So on step 4 (c) extra withholding. How does that work?

[@KatieStOresCFPChFCEA]

Hey Duane, Step 4 (c) is for extra withholding. If you want to have additional tax withheld each pay period you can enter the withholding amount on Line 4 (c). The best way to figure out the amount for 4(c ) is to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@shabuttahbeatz4928]

What if its making you sign employers only instead of employees signature? (I’m an employee btw)

[@KatieStOresCFPChFCEA]

Hey Sha, Sounds like a glitch in the program. If you have a HR department, ask someone there.

[@beeluxe3494]

Hi Katie, i started a new job with the FDA and I completed the w4 form as such. I completed step 1 of course , skipped step 2 and on step 3 I multiplied my dependents (2 children under the age of 17) by $2,000. Which will be $4,000. I have been employed since April and they haven’t taken ANYTHING out of my check. May you please help bc I can’t afford to owe the irs.

[@KatieStOresCFPChFCEA]

[3:03pm PST] @SaintOres.com Hey Bee, It is possible that some people will NOT have tax withheld. I'm not aware of your exact income level so you should try using the IRS withholding tax estimator to get a more exact answer. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@beeluxe3494]

@@KatieStOresCFPChFCEA If not taxes are being deducted would that mean I would owe or receive less money on my tax return? Thank you for responding.

[@KatieStOresCFPChFCEA]

Hey Bee, If you are supposed to have withholding done from your pay, and for some reason it is not being withheld, you would owe taxes. If you have too much money withheld from your check, you will receive a refund. The ideal result is to have the correct amount withheld and pay nothing with your tax return. That's why the IRS has the tax withholding estimator. To give you a more accurate result.

[@irishernandez6290]

@@beeluxe3494 No taxes were held for me in 2021 now I own 4k which is almost what was held the past year. Not sure what happened and I didn’t notice until I started doing my tax return

[@KatieStOresCFPChFCEA]

@Iris Hernandez [4:23pm PST] @TaxesbyKatie.com Hello Iris, Sorry to hear that. 4K is a big chunk to come up with. Ensuring that all the information in your pay stub is accurate is one of the most important things that any employees should check. Making sure that not only your name and your SSN are correct, but also your pay rates, paid time off, and tax withholding are all correct. Try using the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@yeseniamel.5271]

I alway claim 1 independent. Yet I forget where to put that every time. I think it is step 4 line 1 unless I am wrong

[@KatieStOresCFPChFCEA]

[9:52am PST] @SaintOres.com Hello Yesenia, On the most recent form W-4, you claim your dependent on Step 3.

[@Midwest51344]

Maybe I'm missing something so if just want to claim myself meaning 1. Where does that go since this new way doesn't allow me to just type 1 on dependents

[@KatieStOresCFPChFCEA]

Hey Mr. Mike, Allowances are no longer used for the redesigned Form W-4. Due to changes in law, you cannot claim personal exemptions or dependency exemptions. The only two steps required for all employees are Step 1, where you enter personal information like your name and filing status, and Step 5, where you sign the form. Complete Steps 2 - 4 only if they apply to you.

[@Midwest51344]

@@KatieStOresCFPChFCEA So basically now they made it to where they're taking more money out your check regardless If you dont have dependents

[@guccirobtv]

I don’t want any tax taken out I have 6 dependents what do I fill out for them to not take out any state and federal tax on my check

[@KatieStOresCFPChFCEA]

[10:03am PST] @SaintOres.com Hello Gucci, If you have 6 dependents that you are claiming, then depending on the income level you probably will not have any federal withholding on your W-2. You can make changes to your W-4 at any time during the year if you aren't happy with the withholding. However, for the most accurate results, it is best to use the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@cacahead3786]

How do I change things onto my w-4 or do I have to make a new form to replace my current one?

[@KatieStOresCFPChFCEA]

[9:42am PST] @SaintOres.com Hello Caca, If you need to make changes to your W-4, you will have to complete a new form and submit it to your employer.

[@alondracermeno2965]

@@KatieStOresCFPChFCEA how can I get a new form?

[@KatieStOresCFPChFCEA]

@@alondracermeno2965[10:03am PST] @SaintOres.com Hello Alondra, Here is a link to the W-4 form. www.irs.gov/pub/irs-pdf/fw4.pdf

[@mikeq5587]

Quick question it seems like they aren't taking enough federal taxes out of my check. I just know I won't get a refund and may owe. How do I fix that?

[@KatieStOresCFPChFCEA]

[11:59am PST] @SaintOres.com Hey Mike, You should try using the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@KatieStOresCFPChFCEA]

Hey Mike, You can simply add an additional amount on Line 4(c) for "extra withholding.

[@mikeq5587]

@@KatieStOresCFPChFCEA ok so I make 18$ an hour so it's around 720$ week before taxes. How much federal should be taken out weekly. Thank you for all the help

[@KatieStOresCFPChFCEA]

Hello again Mike, It's not possible for me to give you an exact answer because I don't know enough about you, your family situation, etc. But my best guess would be that you would have little, possibly no federal taxes withheld. So you can sleep at night, here's a direct link to the estimator. apps.irs.gov/app/tax-withholding-estimator

[@dreakeys6080]

I have a question I’m not married but I take care of someone that is 12, before on the w4 I could put 2 for me and him, how can I do it now.

[@KatieStOresCFPChFCEA]

[10:14am PST] @SaintOres.com Hello Drea, Allowances have been removed from the redesigned Form W-4. You should complete Step 3 for the qualifying relative that you are taking care of. Also, you will be filing as Head of household in this case. Your standard deduction will be much higher.

[@bearclawgirl6866]

For PPP forgiveness, we had 3 employees quit. How will that impact my forgiveness application?

[@KatieStOresCFPChFCEA]

[10:08am PST] @TaxesbyKatie.com Hey Michelle, The SBA guidance stated that business owners will not face loan forgiveness reductions if their employees voluntarily resign, don't accept a good faith rehiring offer, or are fired/let go with cause.

[@bearclawgirl6866]

@@KatieStOresCFPChFCEA thanks. So when I submit my forgiveness application, it only asks for # of employees at and of period. How will they know if the employees quit or were laid off?

[@lebeautyspot]

so does claiming the 2000 for 1 dependent withhold more taxes from the paycheck?

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Hey Brittany, No, that does exactly the opposite.

[@lebeautyspot]

@@KatieStOresCFPChFCEA ok thank you for clarifying

[@KatieStOresCFPChFCEA]

@@lebeautyspot [4:53pm PST] @SaintOres.com You're welcome Brittany... If you want the most accurate w-4, you might want to try using the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@gardnetbush9768]

Ok the problem we are having is when it say use the work sheet and put the results in 4c but 4c say the number you put there is extra they will take out so is it saying that what ever the IRS Calculate plus what we put on line 4c ?????? For example if I put 300.00 on that line are they say that 300 plus what the IRS is going to take ????

[@KatieStOresCFPChFCEA]

[11:13am PST] @SaintOres.com Hey Gardnet, The additional amount on Line 4(c) for "extra withholding" in the addition to regular withholding. That will increase your income tax withholding, reduce the amount of your paycheck, and either increase your refund or reduce any amount of tax you owe when you file your tax return.

[@gardnetbush9768]

@@KatieStOresCFPChFCEA oh ok it was a bit confusing cause after going off the work sheet it said to put the number that I calculate on that line I was trying to figure out if that was what will be coming out for taxes

[@gardnetbush9768]

@@KatieStOresCFPChFCEA so if I check ✔ box b just leave line 4c empty if I don't want extra taxes to come out am I correct?

[@KatieStOresCFPChFCEA]

[1:32pm PST] @SaintOres.com Hey Gardnet, Yes, you are correct. If you don't want any "extra withholding", then leave Step 4 (c) blank.

[@gardnetbush9768]

@@KatieStOresCFPChFCEA Thank you very much for your great information and clarity

[@PourSomeMo]

Good day. How would I claim myself on updated w4 . Single, one job, no kids?

[@KatieStOresCFPChFCEA]

[10:51am PST] @SaintOres.com Hello Symone, The biggest change to the new W-4 form is that you don't claim withholding "allowances" anymore, and exemptions deductions also were eliminated. You are getting a standard deduction based on your filing status (single).

[@PourSomeMo]

@@KatieStOresCFPChFCEA thank you so much for your prompt response . This has helped me understand a little more.

[@KatieStOresCFPChFCEA]

[11:31am PST] @SaintOres.com Great... you're welcome

[@monique1887]

In step 4. A,B and C if all is zero.. should I put zero or just leave blank?;

[@KatieStOresCFPChFCEA]

[11:11am PST] @SaintOres.com Hey Monique, You can leave those items blank.

[@monique1887]

@@KatieStOresCFPChFCEA Thank you, for your help

[@KatieStOresCFPChFCEA]

@@monique1887 [11:21am PST] @SaintOres.com You're welcome....

[@kermer6867]

Can use 2021 w4 form for 2022?

[@KatieStOresCFPChFCEA]

[9:52am PST] @SaintOres.com Hello Kerner, The numbers are a little different in 2021 but it should be fine. fyi Here's a link to the 2022 W4. www.irs.gov/pub/irs-pdf/fw4.pdf

[@exoticweedsmoka6549]

Let’s say if you get 1,050 before taxes then after taxes you only get 600 what does that mean ?

[@KatieStOresCFPChFCEA]

[1:16pm PST] @SaintOres.com Hello Exotic Smoka, With a handle like that, I hope you live in Oregon or Colorado... To your question, without knowing your exact financial situation, the amount seems excessive. Try using the IRS withholding calculator (here's the link www.irs.gov/individuals/tax-withholding-estimator) to get an accurate number of what it should be. If it's wrong, tell the person in charge of payroll to correct it. You might have to fill out another W-4.

[@daman5343]

Hi, I noticed it said under 17. If your child is 17, can you claim the 2000? Or have to be the dependent 500?

[@KatieStOresCFPChFCEA]

[9:42am PST] @SaintOres.com Hey Man, Yes, The child has to be under the age of 17 ($2,000 credit per child) but a qualifying dependent can be any age ($500 credit per dependent).

[@daman5343]

@@KatieStOresCFPChFCEA thanks cuz I’m so used to the old way where you claimed 1 or 2 or 3. I don’t know the equivalent of that. Only did the standard irs and put 1 dependent

[@KatieStOresCFPChFCEA]

[9:52am PST] @SaintOres.com Hey Da Man, Yes, the biggest change to the new W-4 form is that you don't claim withholding "allowances" anymore and exemptions deductions also were eliminated. Unless you owe a significant amount to the IRS during tax time, completing Steps 1-5 and claiming the child should be sufficient. The best option is to use the IRS withholding tax estimator. Then use the results from the estimator to determine what information to put on your W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@Jem5122]

If I had a job for a few months, quit, then found a new job does that still count as multiple jobs?

[@KatieStOresCFPChFCEA]

[2:23pm PST] @SaintOres.com Hey Jane, You have to hold two jobs simultaneously to count as multiple jobs.

[@Jem5122]

@@KatieStOresCFPChFCEA Thank you! I couldn't find the answer anywhere. I couldn't tell if they meant multiple jobs in the year or at a time

[@KatieStOresCFPChFCEA]

[2:43pm PST] @SaintOres.com You're welcome....

[@klajate8031]

I am not seeing this question being asked, but for option 2a, when you get the withholding amount from irs site, where are you supposed to put that amount on the W4 form?

[@KatieStOresCFPChFCEA]

[4:09pm PST] @SaintOres.com Hello K, You will include the amount in Step4(c), Extra withholding. For any additional tax, you want to withhold each pay period.

[@klajate8031]

@@KatieStOresCFPChFCEA Thank you for replying back, but I didn't want extra to be taken out. I just needed the regular amount taken out. When I turned in my W4 for my new job selected single or married(with 2 incomes) option and then 1 dependant, I noticed no federal withholding is being taken out. I was needing to understand why.

[@KatieStOresCFPChFCEA]

Hello K, Sorry for the delay, but your reply was held for some reason. Anyway, it is possible, and quite common that you won't have any taxes withheld from your paycheck. You can enter your info into the IRS Tax Withholding Calculator for a more accurate number. Here's the link. www.irs.gov/individuals/tax-withholding-estimator

[@klajate8031]

@@KatieStOresCFPChFCEA It's wierd because my previous job which I was last working in June of this year, taxes were taken out. Also, when I get the results from the IRS website where would I put that number on the W4 form? On the option to use the IRS site, there is no line to put the result.

[@KatieStOresCFPChFCEA]

[2:37pm PST] @SaintOres.com The W-4 form went through a big change two years ago. You previous employer was probably using the results from the outdated form. The IRS tax withholding calculator will allow you to see how your pay, refund (or tax due) are affected by withholding amount on your check. At the end you can choose an estimated withholding amount that is correct for your situation.

[@christianbernabe7240]

I am so lost I don’t know what to do for the additional withholding

[@KatieStOresCFPChFCEA]

[10:23am PST] @SaintOres.com Hey Christian, Don't worry, you're not alone. I recommend using the IRS Withholding Estimator for more precise results. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U Here's a direct link to the tax estimator www.irs.gov/individuals/tax-withholding-estimator

[@sugarcane2318]

What if your wife has her own business. Should you still file jointly or head of household

[@KatieStOresCFPChFCEA]

[1:23pm PST] @SaintOres.com Hey Sugar, If you are married, you have the option to file jointly or separately on your income tax returns. To qualify as a head of household you should be one of the three: unmarried, recently divorced or legally separated from a spouse.

[@marlenegomez8464]

I which school taught us this. Very important

[@KatieStOresCFPChFCEA]

[10:14am PST] @TaxesbyKatie.com Hello Marene, Yes, I agree. And they should teach more on how to handle money and taxes.

[@sherquattaburroughs9764]

Hey Katie...how do i get them to take federal taxes out my check, i want to claim my kids on my refund

[@KatieStOresCFPChFCEA]

[11:11am PST] @SaintOres.com Hey Sherquatta, To trigger the federal withholding, you can simply put any extra withholding amount in 4(c) and it will increase your total withholding.

[@sherquattaburroughs9764]

What is the typical amount monthly do you suggest i do?? For line 4c

[@sherquattaburroughs9764]

@@KatieStOresCFPChFCEA thanks!!! What is the typical amount would you recommend i put on line 4c?

[@KatieStOresCFPChFCEA]

[12:31pm PST] @SaintOres.com Hey Sherquatta, It is very hard for me to recommend the amount for you since I don't have any details. You should try using the IRS withholding tax estimator. Use the results from the estimator to determine what information to put on the W-4. Please take a look at this video to help use the IRS tax estimator. kzbin.info/www/bejne/p2qnfpmprdWHf8U

[@emilysusan1196]

Where can we put the allowance 0 or 1

[@KatieStOresCFPChFCEA]

[12:21pm PST] @SaintOres.com Hey Emily, The biggest change to the new W-4 form is that you don't claim withholding "allowances" anymore. On the old W-4, if you claimed more allowances, less tax was withheld (so you got a bigger paycheck). Now it is based on the standard deduction of your tax filing status.

[@TooQountry]

Hi, what options do I select to not have any taxes taken out of my checks?

[@KatieStOresCFPChFCEA]

Hello CJ, Use the IRS Withholding Estimator. You can dial it in there to whatever you want. Here’s a link… apps.irs.gov/app/tax-withholding-estimator

[@TooQountry]

@@KatieStOresCFPChFCEA Can I just select tax exempt?

[@KatieStOresCFPChFCEA]

Although not recommended, that would do it…

[@TooQountry]

@@KatieStOresCFPChFCEA Why isn’t it recommended?

[@KatieStOresCFPChFCEA]

In general, people shouldn’t have a tax liability when they file their taxes. You also don’t want a big refund either. But I’m speaking in generalities since I don’t know your tax situation.

[@Rogfur]

this is for federal only, right?

[@KatieStOresCFPChFCEA]

[11:01am PST] @SaintOres.com Hey Hirpha, Yes, it is only for federal.

[@AgentSmith21]

So if I am understanding correctly the higher paid spouse is expected to pay the federal income tax of the lower paid spouse? I honestly don't want my wife to have to withhold for my federal tax each week. Could I simply put the amount needed to be withheld on my w4? ( I'm the lowe paid spouse)

[@KatieStOresCFPChFCEA]

[4:30pm PST] @SaintOres.com Agent, Just complete Steps 1 and 5, which are required.

[@AgentSmith21]

@@KatieStOresCFPChFCEA so I originally filled it out that way however after receiving my first paycheck I notice my employer is taking out no federal taxes. Is this normal?

[@KatieStOresCFPChFCEA]

[4:47pm PST] @SaintOres.com Agent, Yes, it is possible that some people will NOT have tax withheld. A lot depends on the income level and the family situation. You can always submit another W-4 in the future if you situation changes.

[@AgentSmith21]

@@KatieStOresCFPChFCEA okay thank you. I just wanted to be sure because I make 40k/yr and my wife makes 65k/yr so having federal no tax withholdings on my check threw up red flags

[@AgentSmith21]

Also is this something that has recently changed? I've been working since I was 18(30now) and I've never had a check that didn't have both federal and state tax withheld

[@osso1809]

Hello, I hope you are well, I have a question: my husband and I got married just in February of this year 2022, we are a gay couple and we live in California, he does not work, well if he does it at home I could put him as a dependent in this form? Iwould appreciate it very much if you help me with this doubt, thank you for having a nice day.

[@KatieStOresCFPChFCEA]

[10:12am PST] @TaxesbyKatie.com Hello again, You STILL can't claim your spouse as a dependent. They changed the rules a few years ago.

[@osso1809]

Katie St Ores CFP, ChFC, EA thanks

[@framora743]

How do you do step 3 ?????

[@KatieStOresCFPChFCEA]

Hello Yasmine, Step 3 is if you have children under 17 or dependents. $2000 for each child, $500 for each dependent.

[@souleater0815]

On the IRS could take the easiest tax form and make it 10 times harder.

[@KatieStOresCFPChFCEA]

[9:57am PST] @TaxesbyKatie.com The IRS CryptoCurrency forms needed for taxes are also extremely complicated. Makes for a fun tax season.

[@ronim924]

Can you explain head of the household??

[@KatieStOresCFPChFCEA]

[10:13am PST] @SaintOres.com Hello Roni, Per IRS Pub 501 you may be able to file as head of household (HOH) if you meet ALL the following: You are unmarried or considered unmarried on the last day of the year. You paid more than half the cost of keeping up a home for the year. A qualifying person lived with you in the home for more than half the year (except for temporary absences, such as school) If you qualify to file as HOH, your tax rate will usually be lower than the rates for single or married filing separately.

[@blakebass3794]

I f****** love you.

[@mrbass093]

When will you do single with 2 jobs?

[@KatieStOresCFPChFCEA]

[10:59am PST] @SaintOres.com Hello Mr. Bass, I will do another set of W-4 videos around late November. That's when they usually announce any changes to the form.

[@mrbass093]

@@KatieStOresCFPChFCEA great thank you Katie

[@jawwad2692]

Does a child that is 17 right now qualify as a child that is "under age 17"?

[@KatieStOresCFPChFCEA]

[11:31am PST] @SaintOres.com Hello Jawwad, To qualify for the child tax credit, the child must be under age 17 as of December 31.

[@tonyc6278]

You can't claim yourself the old form is a line 5

[@JoseSanchez0795]

Can you do my taxes?

[@KatieStOresCFPChFCEA]

[11:31am PST] @TaxesbyKatie.com Hello El Muro, Sure, I'd be happy to do your taxes. Here's a link to my website on taxes if you're interested in more information. TaxesbyKatie.com

[@JoseSanchez0795]

@@KatieStOresCFPChFCEA thanks 🙏!!! I will do them with you next year!!

[@bobatl4990]

This form is a monstrosity and should be simplified. New employees should not have to guess their spouses taxable income while filling out all the other new hire forms they have to deal with.

[@KatieStOresCFPChFCEA]

[10:21am PST] @SaintOres.com Hey Bob, Remember not to shoot the messenger. I'm just trying to help people figure out these lovely IRS forms.

[@bobatl4990]

@@KatieStOresCFPChFCEA I understand but I also think it is important for professionals to push back and opine when the IRS constructs such a burdensome form for the average employee.

[@natecarter5040]

Ma’am. Biden passed the bill. I don’t want to pay my taxes anymore.

[@KatieStOresCFPChFCEA]

[11:20am PST] @SaintOres.com Hello Nate, I can't do much about the bills that are passed by congress or not paying taxes. I can usually figure out how to do tax optimization, which is the process of reducing or eliminating your tax liability through tax-efficient choices.

[@natecarter5040]

@@KatieStOresCFPChFCEA I just want it rescued by $100 at least. I am paying $200 in Texas to that dumb administration. Do I trust that I will get my money back next year? No. They are corrupt as hell.

[@nicolereeder9237]

Jesus Christ I want to throw myself out a window filling out this form

[@KatieStOresCFPChFCEA]

[12:51pm PST] @TaxesbyKatie.com Don't do that Nicole, I'd hate to lose a future viewer.

[@Light7359]

U forget 4 c

[@KatieStOresCFPChFCEA]

Hello Salai, I didn’t put 4c in the short version since most people don’t need it or they use the IRS withholding estimator. If you need 4c, here’s the link to the long version. kzbin.info/www/bejne/oYecn3Vrmdd8ldU Just skip ahead to that section.

[@molos3466]

Lost 😂

[@trishtakeovaaa8809]

Thank you

[@KatieStOresCFPChFCEA]

[11:35 AM PST] @SaintOres.com Thanks Trish, You're welcome. Glad it helped.

[@exoticweedsmoka6549]

Let’s say if you get 1,050 before taxes then after taxes you only get 600 what does that mean ?

[@KatieStOresCFPChFCEA]

[1:19pm PST] @SaintOres.com Hello Exotic Smoka, With a handle like that, I hope you live in Oregon or Colorado... To your question, without knowing your exact financial situation, the amount seems excessive. Try using the IRS withholding calculator (here's the link www.irs.gov/individuals/tax-withholding-estimator) to get an accurate number of what it should be. If it's wrong, tell the person in charge of payroll to correct it. You might have to fill out another W-4.