How to fill out or complete a W-4
The W-4 form or Tax Withholding form is an important part of your paycheck and tax return planning. Your W-4(s) determine to a great extent if you can expect a tax refund or if you might owe taxes with your next tax return. A W-4 form is required for each wage or salary earning job and can be changed, adjusted and submitted to an employer as often as needed. During 2021 the IRS – not eFile.com – delayed many tax return payments, thus managing your tax refund has become even more important. W-4 and Tax Refund Details?
If your answer is Yes for at least one of the following statements, we have the tool for you to complete your W-4:
We at eFile.com believe the W-4 is designed in a way that makes it confusing and complicated for a taxpayer to complete the W-4 in a way that will make the outcome transparent.
Thus, select any of the three W-4 tools based on your personal tax planning needs and comfort level.
Important: The W-4 is your planning tool to manage your tax withholding per paycheck. You submit your W-4 ONLY to your employer for any one given job for the purpose of IRS tax withholding. The W4 is NOT submitted to the IRS. If you and/or your spouse have multiple jobs at any given time, complete a W4 for each job separately.
Since the W-4 is a planning tool, you can adjust your entries for tax withholding purposes. In comparison, you can NOT do this on your tax return, as a tax return must be accurate e.g. number of dependents, deductions etc.
Privacy Statement: The data you enter on the W-4 is NOT stored or shared with anybody!
Since employees, taxpayers have different experience levels when it comes to the W-4, we have created a solution for each scenario. Start with one of the options listed below. If you are not sure, contact an eFile.com Taxpert® so we can guide you through this.
Select a W-4 tool option that is best for you based on your experience, expectation and comfort level. Keep in mind, a W-4 is completed for each individual job separately.
If you have no need for planning or estimating. Or, just want to get the W-4 done and see the results on your next paycheck and don’t care about the tax return implications.
If you have your 2020 tax return on hand or the 2021 return in 2022. Tip: eFile.com users find their return(s) is in your My Account. All others can get returns via IRS transcripts (short tax return forms). Tip: eFile your tax returns at eFile.com and W-4 planning will become a lot easier!
In summary, we at eFile.com recognize the complexity of the design of the W-4 form and we are here to assist you at every level, as we consider the W-4 Form an important part of your financial, and tax return planning. For many reasons, many taxpayers have experienced IRS related tax return processing delays in 2021 – not eFile.com delays. These delays have held up tax refund payments for too many taxpayers, thus W-4 planning is important as taxpayers create their own tax return refunds if they withhold too much in taxes per pay period. Manage or reduce your tax withholding now via the W-4 and keep your money now and throughout the current year, instead of handing over too much in your tax withholding to the IRS only to get that same money back again next year via your tax return refund.
We sympathize with you: If you think that completing a W-4 Form is worse than a dental root canal procedure, we totally get IT! Unfortunately, we do not do root canals 🙂 and can only help you with the W-4 forms.
Start and click on one of the W-4 tools above as you can always change your mind and use another tool.
TurboTax® is a registered trademark of Intuit, Inc.
H&R Block® is a registered trademark of HRB Innovations, Inc.
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