W-4 Form

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Video instructions and help with filling out and completing W-4 form

Instructions and Help about W-4 form

Alright so the W for you guys is the form that you fill out whenever you're hired by an employer all right it's a form that you fill out letting the government know how much money you want withheld from your paycheck alright notice what I said how much money you want withheld from your paychecks all right when you get paid so a lot of people don't really understand this form they feel like it's about kids over 100 million Americans have this just one form this one sheet of paper filled out in correctly alright so we just want to you know we've done a video once before showing you how to fill out the w-4 and now we're going to go ahead and take it just a step further and this is the thing this is what we learn when we talk people how to adjust the w-4 from a basic aspect some people took it upon themselves to want to just go ahead and just adjust the w-4 without inquiring without asking questions without really knowing there is an ounce of everything that a w-4 is a place to let you know what exactly you need to do but sometimes people just play with the form and just suggest it not knowing the power in it now we're not saying don't adjust the w-4 we're not saying don't touch the the front side of the w-4 which is the side that everybody can feel out we're just saying when you do it understand the power that lies within it if you do it in addition to what we recommend when you do it correctly when you do it with a strategy because most cases people end up getting more money back after they changed their w-4 most cases people have a zero or one on their form because that's what we were taught that's what the HR department is typically telling you I'll just put a zero or one you know you can have a one how many kids you got I'll just put - you know cuz they think that it's based on kids but as you see it's a less and allowance worksheet it's an allowance certificate allowance includes more than just how many kids you have it also includes quantity of money it also includes your scenario based on you know the income you may earn throughout the year marry head of household things of that nature all entails on the front side alone and in the back side includes even more if you're investing it also includes you know if you have a business so if you itemize on your taxes so the form is a work you know it's a lot more than just dealing with kids now this is the thing when you're just at formed most cases like I said you give more money back and since I 100 million Americans have their form filled out incorrectly most.