Publication 919 How do I Adjust my Tax Withholding?

Publication 919 How do I Adjust my Tax Withholding?

W-4

Step 1

Obtain a W-4 form from your employer, or by visiting the IRS Web page and clicking on the W-4 form under Forms and Publications.

Step 2

Fill out the W-4 form completely to change the amount of your withholding. You can use the worksheet included with the W-4 form or you can use the withholding calculator on the IRS Web page, if you have questions about how many deductions you should take.

Step 3

Turn the completed form into your company's payroll administrator.

Using the Online Calculator

Step 1

Go to the IRS Web page; click “Withholding Calculator” under the Online Services heading on the left of the page.

Step 2

Gather your most recent pay stub and last year’s tax return, and click “Continue to the Withholding Calculator.”

Step 3

Select your filing status, choose whether someone else could claim you as a dependent, and click “Continue.”

Step 4

Answer all the questions under the General Information and Credit sections, click “Continue.” Answer all of the Income and Withholding questions; use your pay stub and last year’s tax return to assist you in completing the information, and click “Continue.”

Step 5

Answer the Deduction questions; click “Continue.” This will bring you to a summary page letting you know how many deductions you should claim on your W-4 form.