The W-4 you file with your employer determines how much income tax is withheld from your wages. You may change this form at any time. If you don't owe a lot of tax with your return or aren't receiving a refund of more than $500, whatever you entered on your W-4 is correct.
Some taxpayers want to have a large refund, so they withhold more each pay period. This is the same as giving the government a free loan. You may find that having more money each month is better than receiving a lump sum once a year.
Note: You can claim any filing status and any number of dependents on your W-4. This info is not reported to the IRS and has no effect on how you file your tax return.
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