In an effort to help make filing taxes easier this year, we are breaking down the various IRS tax forms to help you know if you need them, and how to use them.
Each time you begin a new job, one of the forms you’ll be asked to fill out is a Form W-4. This form helps your employer determine how much to withhold from your paycheck in taxes, based on the number of exemptions you claim on your tax return.
While this method is not very precise, it is fairly flexible, as you can adjust the number of exemptions you put down (i.e. adjust federal income tax withholding allowances).