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.

There's a new federal income tax withholding form, and a good reason to fill it out fresh this year. It's the first major update to the form since Congress made sweeping changes to the federal tax ...

But while your federal withholding is based on a tax rate that’s the same throughout the U.S., state income tax withholding varies because incomes are taxed differently from one state to another.

How you fill out Form W-4 determines how much your employer withholds for taxes. You need to get it right so you don’t end up overpaying or underpaying.