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mkterry
Returning Member

Deductions on w-4 form

I looked at my pay stub and was shocked at how much money was taken from my check. I was told that I cannot change exemptions on my W-4 form anymore. What can I do to reduce the amount  of taxes taken from my check? I have one daughter. Can I also claim myself as a dependent? What else can I include? I need help.

1 Reply
ArthurJ
Employee Tax Expert

Deductions on w-4 form

Hi

The new W-4 does not claim your exemptions only.  The new W-4 is based on your income and the deductions for dependents by a deduction 

amount.  The W4 computes only Federal withholding and the SS and medicare taxes are a set amount always. A W-4 calculator is on the b oth the Intuit website and the irs.gov website.  I hope this helps you understand the tax withholding issue.

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