The IRS redesigned Form W-4 in 2020, removing allowances and personal tax exemptions. Now, the form calculates your withholdings based on information such as income,…
The IRS redesigned Form W-4 in 2020, removing allowances and personal tax exemptions. Now, the form calculates your withholdings based on information such as income, filing status, dependents, and expected credits. This update helps better estimate your total income and…