Completing the New 2020 W-4 Form

We are receiving many questions about the new W-4 forms. I’m not surprised, they are super confusing! And it’s a lot less obvious how to get the result you want — whether that’s getting a big refund, having a modest balance due on your tax return, or coming in as close to zero tax due / refund as possible.

I’ve created a brief video to help explain the new W-4¬†and how to fill it out to get the right tax withholding for you.

W-4

Please note, this is general information. Every tax return is different, and it is impossible to cover every variable in this brief video. If you need more specific information for your situation, please contact us to schedule a tax planning consultation (consulting fees apply).