The IRS replaced the old Form W4 with a new system beginning in 2020.
It’s easy to adjust your withholding. You can do it on paper or electronically. The old-fashioned way is to walk through the worksheets on the W-4 form.
An even easier way is to use the TurboTax W-4 Calculator.
https://turbotax.intuit.com/tax-tools/calculators/w4/
A new child born in 2022 is claimed for the whole year, so be sure to Claim Dependents on Step 3.
A new home is important on your tax return, but is usually not reported on a W4.
I hope that answers your questions. Please feel free to give TurboTax a call anytime if you have additional questions or need assistance.
Have a great day!
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