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Get your taxes done using TurboTax
If you feel like you are not having enough being withheld from your check you will need to make an adjustment to the W-4. Claiming dependents on the W-4 will cause fewer taxes to be withheld.
Intuit states, "In the past, the W-4 was based on a system of withholding allowances. You typically filed a new form when you started a job or needed to adjust your tax withholding. The IRS replaced the method for determining the amount to withhold beginning in 2020 to reduce the complexity of calculating how much to withhold from each paycheck. It also changed the W-4 Form to increase the understanding and accuracy of the withholding system.
While the withholding form uses the same underlying information as the old design, it replaces the complicated worksheets from the old form with more straightforward questions. These changes should make it easier for employees to more accurately determine how much should be withheld from their paychecks.",
For more information, see the link below:
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