How to update W4

[Kacie116]

The new W4 form is very confusing and every time we start to fill it out, we stop. We're owing approx $3K the last 2 years. How do we fill out the form(s) for 2 people with jobs so we don't owe any money at the end of the year? 

[mbpeddie]

Yes the new W4 is confusing but the good news is there is a section which pertains to your actual situation, 2 persons and 2 jobs.

2025 Form W-4

Pay attention to step 2, where you have choices as to which will give you the most accurate withholding and choose the one that fits your situation. Also in step 4 , you can choose to have extra withholding if you want more to be withheld as a method of forced savings to get a refund.

Turbotax has a calculator which can help you estimate your withholding so that you do not have an amount due at the end of the year.

W-4 Calculator

Hope this help clarify the new W4 for you!

Mar, Tax expert

[Kacie116]

Thank you! I will take a look. 

[Kacie116]

I am trying to use the calculator provided, but it's asking for wages so far in 2024. I'm assuming this is supposed to be 2025? Or am I doing it wrong? 

[JotikaT2]

No, you are correct.  The calculator will be updated to reflect the correct year shortly, but your information entered will estimate your W-4 for 2025.  You can also use this tax withholding calculator from the IRS. 

@Kacie116