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Form 8849 Schedule 4 Rev January , Fill in Capable

Form 8849 Schedule 4 Rev January , Fill in Capable

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in recent years more and more taxpayers are facing balances due on their tax returns instead of the refunds they've traditionally had in part this is because of recent changes to the withholding tables in form W-4 that have created some confusion on behalf of taxpayers this video seeks to clear up some of that confusion so that your tax withholding more closely matches your actual tax liability I'm the tax geek and here is how to fill out your W-4 oversimplified [Music] as a result of the tax cuts and jobs act which took effect in 2018 significant changes were made to form W-4 which is a form you fill out to tell your employer how much federal income tax to withhold from your pay the old system of withholding allowances was scrapped and a new system was devised with the goal of getting most taxpayers withholding as close as possible to their actual tax liabilities without creating huge tax refunds or large balances due as with any major change this new form has created

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