Tax Filing Resources: W-4 Forms Casper WY
ROCK SPRINGS, WY
Tax Filing Resources: W-4 Forms
If you are employed by a business, you have the ability to play with the W-4 withholding on your paycheck. Fortunately, there is an easy way to do this online these days.
What is one of the happiest days of the year? Holidays excluded, for many people it is the day they get their tax refund check. Yep, cold, hard cash they can spend anyway they want. Alas, this is a mistake.
If you are getting sizeable tax refund checks each year, you are making a mistake with the W-4 withholding on your paycheck. The federal government does not pay interest on the amount you overpay in taxes. As a result, you are giving the government an interest free loan throughout each year. While the government certainly seems to need every buck it can get, you would probably prefer to use the money yourself.
If you are overpaying or underpaying taxes out of your paycheck during the year, you need to tweak your W-4 withholding. W-4 simply refers to the tax withholding form related to your employment and is filed by your employer. You can change the number of withholding by simply asking your human resources department.
To figure out the correct W-4 withholding amounts, you used to need calculators, abacuses, forms and a minor psychic ability. Alas, the friendly IRS has made things easier. You can now go to the IRS site and access an online system that will figure it out for you. Simply search for "W-4 withholding" on the site and fill out the form. Once you...