What Is Form W-4?
On your employee’s first day on the job, you are required to ask them to complete federal Form W-4, Employee’s Withholding Certificate. (Multiple language versions are available here.) The employee enters various data onto the form — including their tax filing status, whether they have multiple jobs, any credits they have, the amount of other income they […]
How To Avoid Too Much Tax Withheld
Imagine the IRS offering an apology with your tax refund: Sorry, here’s your money back. In the 2022 tax season, more than 110 million taxpayers received a tax refund — and bragged about it! The average refund was $3,252. Instead of having the money sit in IRS coffers all year, that money could have been […]
