W-4 Form

W-4 Form

The W-4 Form is an IRS form used by employees in the United States to indicate their tax situation to their employer. This form helps employers withhold the correct amount of federal income tax from employees’ paychecks.

When completing a W-4 Form, employees provide information such as their filing status, the number of allowances or dependents they claim, and any additional amount they wish to be withheld. This information helps determine the appropriate withholding amount to ensure that employees do not owe a large tax bill at the end of the year or receive an excessive refund.

For example, a single employee with no dependents may claim one allowance, while a married employee with children might claim multiple allowances to reduce their tax withholding.