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W4 to change withholdings

Complete your employee’s W4 Tax Withholding Certificate. Update your exemptions to get the right amount of Federal Taxes taken out of your paycheck!

How to use a W4 to Change Tax Withholding

Taxes are an unavoidable part of life, but they don’t have to take up too much of your paycheck if you know how to manage them correctly. Fortunately, it’s easy to change your Federal tax withholding and keep more money in your pocket throughout the year. However, it’s important to understand how the process works before you jump into it, especially if you have a complicated financial situation or unique circumstances that will affect your taxes. Learn more about how to change your tax withholding now!

1) Start Form W-4

If you need to change your Federal tax withholding, the first step is to fill out a new W-4 form. This document tells your employer how much money to withhold from each paycheck for taxes, and you can adjust the amount at any time. Be sure to check the “marital status” section of the form so that your withholdings are accurate.

2) Account for All Sources of Income

Income from sources other than your jobs, such as investments or side hustles, can also affect your tax withholdings. Be sure to include all sources of income when you’re completing Form W-4 so that your employer withholds the correct amount of money.

3) Use the IRS Withholding Calculator

If you’re not sure how to fill out Form W-4, or you want help estimating your tax liability, use the IRS Withholding Calculator. This tool will help you determine the right amount of money to withhold from each paycheck based on your individual circumstances.

4) Submit a New Form W-4 to Your Employer

Once you’ve completed Form W-4, give it to your employer so they can make the necessary changes to your paycheck. If you have any questions about the form or the process, be sure to ask your employer or HR representative for guidance.

5) Check Your Paycheck for Accuracy

After you’ve submitted a new Form W-4 to your employer, take a look at your next few paychecks to make sure the correct amount of money is being withheld for taxes. If you notice any errors, contact your employer right away so they can correct the problem.

What You Need to Know About Tax Withholding

If you’re like most people, you probably don’t give much thought to your tax withholding until it’s time to file your taxes. But the truth is that your withholding can greatly impact your financial situation throughout the year. Here are a few things you should know about tax withholding:

1) You Can Adjust Your Withholding at Any Time

If you get a raise or change jobs, you may need to adjust your withholding to avoid overpaying or underpaying taxes. Fortunately, it’s easy to do; simply complete a new Form W-4 and submit it to your employer.

2) You May Need to Make Estimated Tax Payments

If you have a complicated financial situation or expect to owe a lot of money in taxes, you may need to make estimated tax payments throughout the year. This means that you’ll send money to the IRS on a regular basis rather than waiting until tax time to pay your entire bill at once.

3) You Can Get a Refund if You Overpay

If you overpay your taxes, you’ll get a refund when you file your federal tax return. This can be helpful if you’re trying to save money or pay down debt, but keep in mind that it’s not an interest-free loan; you’re essentially giving the government an interest-free loan for the year.

4) You May Owe Money if You Underpay

If you underpay your taxes, you may owe money to the IRS when you file your return. This can be a surprise if you’re not expecting it, so it’s important to make sure you’re withholding the right amount of money from each paycheck.

5) There Are Consequences for Not Paying

If you don’t pay your taxes, you may be subject to penalties and interest charges. In severe cases, you may even be subject to criminal charges. So it’s important to make sure you stay current on your taxes, even if you can’t pay the entire amount owed.


Changing your Federal tax withholding is a simple process, but it’s important to understand how it works before you get started. By following the steps above, you can be sure that you’re withholding the right amount of money from each paycheck and avoid any surprises come tax time.