AmitaR
Employee Tax & Finance Expert

[Event] Ask the Experts: All About the W-4

Hi Framar33, 

Looks like you had balance due for your 2024 return.  Part of doing your tax planning is to adjust your withholdings for your W-2 job and update Form W-4.  On the other hand if you are self-employed, you can increase your Quarterly Estimated Tax payments. 

Tax filing status is not something you can easily change, for example, if you are Single and don't have any dependents, not much you can do about that. 

Here is some additional info for your reading pleasure: 

Top 5 Reasons to Adjust Your W-4 Withholding

What Is a W-4 Form?

W-4 Calculator

 

Hope it helps.

AmitaR

 

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