Publication PDF 2022-2024 Form

Instructions and help about 505 form

okay for this video i wanted to go over with you the irs's tax withholding estimator on their web page so who would need to use this and why when you're an employee and your employer asks you every year to fill out that w-4 right so w-4 might ring a bell basically that form is used by your employer to figure out how much withholding tax federal withholding tax should be taken out of your paycheck every week two weeks every month depending how often you are paid in order to keep in line with the federal tax rules and regulations surrounding employee tax withholdings so this estimator is provided for you as a taxpayer to figure out okay based on how much money i'm making based on much money might be coming out of my paycheck based on my other income and expenses and deductions that'll take on my 1040. what do i need to put down on my w-4 to make sure that the withholding tax is as close as possible to the amount of taxes that i should be paying at the end of the year the idea here is we'