Don't wince. This required tax form controls how much tax will be withheld from your paychecks and affects your take-home pay. Form W-4 is your friend and it's not difficult to fill out.

That guidance will not include new withholding tables in 2025. No Tax On Overtime While it’s true that there are lines for reporting tips on Form W-2 for tips, the same is not true for overtime.

Quick tip: Fill out Form W-4 for the job with the higher income for the most accurate withholding. Claim dependents Source: IRS Add the number of dependents you can claim on your tax return.

Experiencing a major life change or receiving a big refund or a high tax bill are all reasons to consider filling out a new W-4 form and adjusting your withholding amount.

The U.S. Internal Revenue Service ("IRS") has posted draft versions of revised Form W-8BEN, entitled "Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding ...