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Level 1
July 27, 2022
Question

W4

  • July 27, 2022
  • 1 reply
  • 2 views

I claim 1 now what do I do on new W4 ?  Should I complete new W4 ? 

 

How can I avoid owing taxes at end of year? 

 

    1 reply

    Level 4
    July 27, 2022

    Hello, 

    Yes you must complete your new W4 because the tax laws changed and new W4 calculates withholdings based on new tax law.

     

    For completing your new W4 fill up steps 1and 5, complete steps 2, 3 and 4 only if it applies to your situation. Once you complete the form, give it to your employer. Then, keep a close eye on your next few paychecks to see how the changes impacted your federal income tax withholding

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