How to fill out 2023 IRS Form W4 (Single)

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  • เผยแพร่เมื่อ 6 พ.ย. 2024
  • Have an IRS debt you can't seem to get under control? Book a no-obligation tax relief evaluation here: bookingbowens....
    2023 W-4 forms are due to employers by February 15th.
    "How should I fill out my W-4?"
    I honestly don't know how many times I'm asked this question a year or even a month.
    Since HR can't help you I have decided to create this quick video to walk you through how to fill it out if you are single. This video does not cover multiple jobs or dependents. I will cover multiple jobs next week. This video covers:
    -The purpose of the form
    -Who should select single
    -A tip for self-employed individuals that also work a W-2 job and would like to withhold extra for self-employment tax.
    (I cover what self-employment tax is on my podcast, Tax Relief with Timalyn Bowens - www.americasfa... )
    This video is done as preventative care to help you avoid having a tax debt you can't pay in full and becoming my client.
    However, if you have run into a problem with your withholding before and it's under $50,000, you can pay it off in 36 months, and you're tax compliant you may be eligible to set up a payment arrangement right now online.
    If so, I walk you through how to do that in my E-book, Guaranteed Payment Plan : www.americasfa...
    If you found this video helpful let me know in the comments!
    I look forward to connecting with you.
    Twitter: ‪@AmericasFavEA‬
    LinkedIn: Timalyn S. Bowens
    FB: Timalyn S. Bowens, America's Favorite EA
    TH-cam: ‪@AmericasFavEA‬
    Blog: www.AmericasFavoriteEA.com
    Disclaimer: This video is for informational and educational purposes only. It provides a
    framework and possible solutions for solving your tax problems, but it is not legally binding. Please consult your tax professional regarding your specific tax situation.

ความคิดเห็น • 226

  • @Iamkcartis
    @Iamkcartis ปีที่แล้ว +29

    You’re the only video that in the comment section you answered it directly. You mentioned this is the new form you mentioned the allowance doesn’t matter now and you mentioned that the govt will calculate it for us. Thank you for getting straight to the point and answering everyone’s questions

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +2

      Thank you so much! I try to be thorough and cut the fluff.

    • @TheTmat007
      @TheTmat007 ปีที่แล้ว +1

      @@AmericasFavEA
      I liked the video. But it still does not address a concern that I have, as a single individual filing taxes over the years. For quiet sometime in past years, I have had to pay the IRS, despite filing out my W4 form the correct way. For example, on the line which read, "enter 1 for yourself if no one can claim you as a dependent," I did just that. But I realized for several years of filling out my W4 form that way, I still ended up owing. It wasn't until I entered 0, that I got a refund. However, this 2023 W4 form does not give you the option to enter 1 or 0 for yourself. It just gives the option to check a box, based on your status...which in my case I am single. So, what must I do to have just the right amount of deductions withdrawn from my paycheck, so that I do not owe the IRS?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      Well Tyran, the W4 form was updated after the TCJA. There hasn't been an option to put 1 or 0 for yourself since 2018 or so.
      With that being said, it's possible that your employer had you filling out an old W4 if this is the first time you're noticing it being gone.
      4c you can choose to have additional money withheld. I have a client who does this because he always has dividend income and capital gains from stock sales. So if he chose not to put anything on 4c he'd also owe a little bit.

    • @TheTmat007
      @TheTmat007 ปีที่แล้ว

      @@AmericasFavEA
      Okay. Thank you. I noticed that from the beginning of the 2023 tax year, less money is being deducted from my paycheck, although my payrate and hours remained the same. I will do the 2023 W4 form today and see if anything changes. If I fill out the form correctly, as you demonstrated in the video, and my employer makes the correct deductions, then it's all on the IRS, if I still end up owing. I will take the IRS to court. I know seeing this you this you might think to yourself that it all based on whether I fill out the W4 form correctly and my employer makes the correct deductions...not the IRS.

    • @oscarroberson7963
      @oscarroberson7963 11 หลายเดือนก่อน

      can I still file for my child if she is 18 years old and 5 months

  • @KingJulian_111
    @KingJulian_111 ปีที่แล้ว +92

    I’m mad that 12 years of school never taught us anything about taxes 😭

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +8

      I feel you. We have to make sure that changes for our future taxpayers.

    • @beautiful8beastog577
      @beautiful8beastog577 11 หลายเดือนก่อน

      i was just coming here to say that lol🤣😭

    • @henryjohnson9740
      @henryjohnson9740 8 หลายเดือนก่อน

      Factssss I always say thatt...

  • @samuelhurd1733
    @samuelhurd1733 9 หลายเดือนก่อน +14

    You're never too old to be coachable... Thank you so much. I have been trying to understand this new W4 form.

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      You are so welcome!

  • @lashazachariah5495
    @lashazachariah5495 หลายเดือนก่อน +2

    It’s 2024 and I was so stumped when the “online portal” for new employer had me complete the state and federal info..it put me on pause i over thought it all thanks!

  • @alexandrahernandez2918
    @alexandrahernandez2918 ปีที่แล้ว +8

    This was super helpful, can you please make one about filling it out for someone with more than 1 job. Thank you!!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      I'm so glad you found it helpful Alexandria. The video for married filing jointly goes over the table you should use if you have multiple jobs. I also go over it on my blog, Tax Tips with Timalyn. You can find it here: www.bowenstaxsolutions.com/taxtipswithtimalyn

  • @deniceclemons2560
    @deniceclemons2560 9 หลายเดือนก่อน +4

    So glad I found you lord knows I’m stressing on how to fill this form out correctly I somehow owe this year 😢 and wanted to fill this form out correctly so it don’t happen next year I do have a daughter who’s now 21 and not in college so I can’t claim her as a dependent correct also I don’t believe I can claim hoh that I’ll have to claim single I can’t figure out wether I should put single or hoh anymore I don’t want to owe but do want to receive a refund as well upon how can I fix this

  • @tiffaniew729
    @tiffaniew729 ปีที่แล้ว +4

    Hello. Did you make the video of a single person with multiple jobs? I didn't see it. I'm currently completing my form and I am STUCK! i love how you make the videos separate for each different situation.

  • @TracyinLA
    @TracyinLA 3 หลายเดือนก่อน +1

    This was actually sort of fun to watch, and helpful, thank you!

  • @meeks832
    @meeks832 6 หลายเดือนก่อน +1

    Thank you for explaining the single w4 form 😊

    • @AmericasFavEA
      @AmericasFavEA  6 หลายเดือนก่อน +1

      You are so very welcome.

    • @meeks832
      @meeks832 6 หลายเดือนก่อน

      Question, as a single person should I put more into my 401k ?

  • @misE3923
    @misE3923 ปีที่แล้ว +3

    Hi, I'm glad I got to watch your video. This is my first time being single and no children at home. My question is. If I are now single ,no Dependence. Where do I put the number one at? In regards to myself.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      We don't currently have exemptions. So there's no spot to put 0-99. As of right now exemptions are set to come back after 2025.

  • @rahamanawelenje9955
    @rahamanawelenje9955 ปีที่แล้ว +3

    What a Very Nice Beautiful Women 🙋🏾‍♂️ This took tons of stress levels off my dam back by simply explaining this in simple words. Dam companies and government and youtubers in general tryna explain this make it so harder than it got to be just make this simple like how you made this video simple explaining it and the world would be such a better place THANK YOU VERY MUCH 🔥

  • @SouthcentralSom
    @SouthcentralSom ปีที่แล้ว +5

    Thank you very simplistic and informative other videos didn’t dumb it down enough

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      You're welcome! It's my pleasure.

  • @beepatrick7856
    @beepatrick7856 9 หลายเดือนก่อน +2

    Yes this was very helpful....trying to help my daughter......I have not had a job in years,,and this form has changed tremendously........I kept thinking she needed to put a,1 or a 0....? But no more......do you also have a video for state forms..??

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      No more 1s or 0s for now. That went away with the Tax Cuts and Job Act. But they may be back after 2025 😬.
      No, I'm sorry. I do not have a video for state W4s.

    • @beepatrick7856
      @beepatrick7856 9 หลายเดือนก่อน +1

      @AmericasFavEA I would imagine the state forms have changed alot too.....😪

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      @beepatrick7856 states get the opportunity to do what they want 😪. But most are similar to the Federal W4.

  • @SomeNorthProvKid
    @SomeNorthProvKid ปีที่แล้ว +2

    3 things, Friday, Brady Brunch, and thank you so much.

  • @fatimahcalder503
    @fatimahcalder503 ปีที่แล้ว +7

    My thing is - how can I keep the government for taking THE MOST tax out now ??? Since I can’t claim the allowance on this new form. Please reply because I need answers.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +2

      Great question Fay! The "new" (since TCJA) W-4s are already designed to withhold the least amount so that you don't owe. The only other things to add are if you have children or additional deductions.

    • @TiffanyMartin2204
      @TiffanyMartin2204 ปีที่แล้ว +3

      @@AmericasFavEA I've been trying to figure this out since my company changed my allowance from 1 to 0. Which, I need more money throughout the year. Since on the new forms, there's no place to put 1, does that mean 0 is the allowance across the board now? And more will be taken out? Thank you in advance!!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      @@TiffanyMartin2204 less is actually withheld now.

    • @TiffanyMartin2204
      @TiffanyMartin2204 ปีที่แล้ว +1

      @@AmericasFavEA thank you so much! I appreciate your help and time!

    • @ItsCherry504
      @ItsCherry504 ปีที่แล้ว

      @@AmericasFavEAhi I need to know is it zero all the way down because you didn’t quite clarify that part of her question which is my question.

  • @sweetiemoore1356
    @sweetiemoore1356 9 หลายเดือนก่อน +1

    Thank you can you do a video on how to feel out form W-4 single with no dependence? I would appreciate it

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน +3

      With no dependents and one income you can check the single box and sign.

  • @AlythiaMarshall
    @AlythiaMarshall 6 หลายเดือนก่อน +1

    Thank you so much! This was very helpful!

    • @AmericasFavEA
      @AmericasFavEA  6 หลายเดือนก่อน

      🙏🏾 You're welcome

  • @thatbdflwrbtch
    @thatbdflwrbtch ปีที่แล้ว +4

    this was so helpful! thank you for the efficient and easy to understand format!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      You're welcome and thank you for the feedback.

  • @WELTHACOOKING
    @WELTHACOOKING 2 หลายเดือนก่อน +1

    Thanks this was helpful

  • @shawnwallace8494
    @shawnwallace8494 ปีที่แล้ว +4

    Thank you. I did all what you said. I worked only 9 hours on my first pay roll and they only took out Medicare and Social Security. I filled out Step 1 and Step 5. What did I do wrong?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      You're welcome! Your 9 hours is well beneath the standard deduction. So they wouldn't have withheld any Federal taxes yet

  • @jillklinger4381
    @jillklinger4381 9 หลายเดือนก่อน +2

    "Friday" is Wednesday Addams middle name- Thank You for the very informational video regarding the W-4 form!

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      You're very welcome ! Thanks for checking out the video.

  • @Boss94silva
    @Boss94silva ปีที่แล้ว +4

    So basically just put in my personal information and file single no extra numbers involved right ?

  • @JoAnneXJones-AndrewsLuvJones
    @JoAnneXJones-AndrewsLuvJones ปีที่แล้ว +6

    Wednesday Addams' middle name is FRIDAY! 😎😎
    Thanks so much for sharing this video. You are greatly appreciated, and you've just earned a NEW SUBBIE!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      Thank You! 🙏🏾
      I'm glad you found it helpful. I didn't know her middle name until my daughter told me. ❤

  • @misspriley77
    @misspriley77 8 หลายเดือนก่อน +2

    I have a question, so how do I fill this out as single - no dependents without having to owe at tax filing time?

    • @AmericasFavEA
      @AmericasFavEA  8 หลายเดือนก่อน

      1 stream of income? Check the box as single and sign.

  • @bigblue765ify
    @bigblue765ify 9 หลายเดือนก่อน +2

    Your video is so helpful, thank you!

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      You are very welcome!

  • @jimmyjamb4911
    @jimmyjamb4911 11 หลายเดือนก่อน +2

    By filling out the form this way, with only, “single”, marked,…
    Does it mean you’re claiming “1”, for yourself?

    • @AmericasFavEA
      @AmericasFavEA  11 หลายเดือนก่อน

      We don't have exemptions under the TCJA. Claiming yourself would be taking into account the exemption.
      Marking as single does take into account the standard deduction for a single taxpayer.

  • @ginairby7684
    @ginairby7684 10 หลายเดือนก่อน +2

    you are a blessing! thank you!

    • @AmericasFavEA
      @AmericasFavEA  10 หลายเดือนก่อน +1

      You're so welcome!

  • @stubbs3023
    @stubbs3023 ปีที่แล้ว +4

    Such an excellent video! Great explanations and very easy to understand!

  • @TolyaSpeaks
    @TolyaSpeaks ปีที่แล้ว +2

    I’m literally at the library filling out my docs for a job. I felt like you was talking to me

  • @gregbaker439
    @gregbaker439 10 หลายเดือนก่อน +2

    Thank you very easy and helpful.

    • @AmericasFavEA
      @AmericasFavEA  10 หลายเดือนก่อน

      You are welcome, the pleasure is mine.

  • @shewaavy4424
    @shewaavy4424 ปีที่แล้ว +4

    She starts filling out the form at 2:40

  • @courtenay725
    @courtenay725 ปีที่แล้ว +3

    So what would you put in 4b if you want more money back?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      To get more back you'd have to have more additional withholding and get less throughout the year.

  • @valerieowens8531
    @valerieowens8531 ปีที่แล้ว +2

    It was very helpful and thank you for your videos and sharing your wisdom and Wednesday's middle name is Friday

  • @efenedick1305
    @efenedick1305 ปีที่แล้ว +2

    Thanks so much for the information!

  • @Avanaih
    @Avanaih ปีที่แล้ว +2

    This was very helpful, thanks for your help.

  • @seek8739
    @seek8739 ปีที่แล้ว +3

    So the new form essentially doesn't allow you to claim yourself as 1 anymore?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      There are no longer exemptions on the tax return. So there is no place for you to put an exemption on the W-4.

  • @civilian6622
    @civilian6622 7 หลายเดือนก่อน +1

    I just don’t want the government taking all them taxes out of my check will this still help me

    • @AmericasFavEA
      @AmericasFavEA  7 หลายเดือนก่อน

      It will help you not owe at the end of the year. They're going to get their cut during the year or with a penalty added if you want until April.

  • @jasonrodriguez7915
    @jasonrodriguez7915 ปีที่แล้ว +3

    This was helpful. Thank you! My filing will be similar to this example. Single. No kids. One question I have - for deductions. How do I know how much to put in deductions if I do contribute to my 401k? Or maybe plan to use other tax credits like EV? Etc? Ultimatumly my goal is to have the least amount withheld as possible. Thanks again

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      I'm glad you found this helpful! I suggest using the IRS withholding calculator tool to get a more exact number for your 401k contributions and credits outside of the child tax credit. I recently wrote an article on the EV credit. Which one are you looking at?

  • @lis6735
    @lis6735 ปีที่แล้ว +2

    I wanted to know is this a example of how to get a refund at the end of the year ? Single no dependent and one job … and taking out in each paycheck to avoid paying at the end of the year ?Don’t know how to file it out correctly .. help

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      This is an example is to break-even, not to get a refund. If you want a more exact number you can use the IRS withholding calculator on the IRS website.

  • @rebeccacollins5525
    @rebeccacollins5525 2 หลายเดือนก่อน +1

    Hello how do you get the most money per check and which line do I put it on? This has been the worst no one knows it’s round and round and I’m single adult children and they take a lot out in taxes. No one can tell me! if I claim 2 or 3 where on this form do I put that number?

    • @AmericasFavEA
      @AmericasFavEA  2 หลายเดือนก่อน

      The W4s changed under the TCJA and went into effect in 2018. There is no place to put a number because we don't currently have exemptions.
      If you do receive a refund it will be smaller if you put something on line 3.

  • @wadeolson3099
    @wadeolson3099 4 หลายเดือนก่อน +1

    I’m filling single and I want all my money. I want zero of it taking out, do I just fill out the top part and sign the bottom?

    • @AmericasFavEA
      @AmericasFavEA  4 หลายเดือนก่อน +1

      Yes, for the least amount. To have no Federal taxes, which I don't recommend, you'd need to go exempt.

  • @Angochoa
    @Angochoa ปีที่แล้ว +3

    Hi I recently filed my taxes, but I was informed that I had to redo my W-4’s for both my jobs. Single with no dependents but since I have 2 jobs I’m lost on how to properly fill out a w-4. If you could please help I’ll really appreciate it. Thank you!!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      That trips a lot of people up, don't feel bad. You'll use the worksheet included in the packet to figure out how much extra withholding you need on line 4c. I the worksheet in the Married Filing Jointly video - th-cam.com/video/dp_fm_s-K8g/w-d-xo.html

    • @Angochoa
      @Angochoa ปีที่แล้ว +2

      @@AmericasFavEA yes so true! I’ll go ahead and look at it. Thank you so much!!♥️

  • @Ellazzara
    @Ellazzara 2 หลายเดือนก่อน +1

    "Friday" based off her birthday. Also, do I not at least put "0" in 3-4?

    • @AmericasFavEA
      @AmericasFavEA  2 หลายเดือนก่อน

      No need to put it unless your HR person insists. It will default to 0.

  • @Manduhchristine
    @Manduhchristine 9 หลายเดือนก่อน +2

    My question is that if I haven’t done a new w-4 since I’ve started working with my job (10years) and I claimed 0 , no dependents are they still taking out the most until I do this new w-4 form ? Is that when I put single and my tax deductions from my paychecks will be lower ? PLEASE ADVISE

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      You may see a change. The new W4 is designed for them to withhold the least and you still not owe.
      There won't be much of s buffer once you update your W4.

  • @fernandobonilla1135
    @fernandobonilla1135 10 หลายเดือนก่อน +2

    very helpful thanks.

  • @thelog86
    @thelog86 5 หลายเดือนก่อน +1

    I filled my form out like this and no taxes were being taken out. If anything i may have missed checking single but i doubt it. Its really nothing that can be done incorrectly in this scenario. Can u think of why taxes isnt being taken out

    • @AmericasFavEA
      @AmericasFavEA  5 หลายเดือนก่อน

      Do you have dependents listed? Is the pay for the entire year less than $14k? Those are the 2 reasons that come to mind first.

  • @jamilaector6384
    @jamilaector6384 8 หลายเดือนก่อน +1

    So what if too much is being withheld and I want you to claim myself?

    • @AmericasFavEA
      @AmericasFavEA  8 หลายเดือนก่อน

      We haven't had exemptions since 2018 so there is no way to claim yourself.

    • @jamilaector6384
      @jamilaector6384 8 หลายเดือนก่อน +1

      @@AmericasFavEA so basically I just have to overpay the government?

    • @AmericasFavEA
      @AmericasFavEA  8 หลายเดือนก่อน

      @jamilaector6384 that's essentially what a refund is. If you have or other deductions you can account for them on the W4. Otherwise this W4 is designed for you to break even, not get a big refund.

  • @WickedNavajo
    @WickedNavajo ปีที่แล้ว +2

    ok so a question on this info....so when HR received the form the. next pay check they did not take anything out of federal at all....they then said it's because i didn't put down an amount....i honestly don't think my HR knows what should be done....im at a 12% tax brack bracket getting only 150 taking out if of federal when i have gross of 1500....it doesn't make sense to not take anything out....what am i doing wrong

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Great question JB! We have a progressive tax system. This means that not all of your income will be taxed at 12%. Your first $10,275 of taxable income will be taxed at 10% and the amount over that will be taxed at 12%.. Also, any contributions to a traditional retirement plan or HSA will reduce your taxable income. Hope that helps!

  • @johnkodjak1672
    @johnkodjak1672 ปีที่แล้ว +2

    How do you sign an online form? print and scan and fax or email, or can you just type in full name? You didn't address that.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      That will be up to your employer.
      I've seen certain companies allow it to be done on Docusign and others have an online portal system they have employees complete it on. The W4 is something that stays on file with the employer. It doesn't go to the IRS so it's up to the employer's discretion.

  • @bee8740
    @bee8740 8 หลายเดือนก่อน +1

    Thank you!

  • @RachealMB
    @RachealMB ปีที่แล้ว +3

    Thank you for this video! I have a question will enough taxes be taxed to keep us from owing after submitting this form? Is this something our HR figures up for us based on our salary? I’m very shocked at how simple this is 🙌🏾😅

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      This is to help you break even. Taking the exemptions away did make it fairly simple 😅. This form tells HR how much to withhold.

    • @RachealMB
      @RachealMB ปีที่แล้ว +1

      @@AmericasFavEA awesome! Thanks again!! 😁🙌🏾 excuse my typo in my question, I just noticed it I’m like Guh what did you write?? Lol I fixed it now lol.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      Haha! No worries 👍🏾

  • @annieratliff9130
    @annieratliff9130 ปีที่แล้ว +2

    This was helpful but if I’m renting my own place should I just change single to head of house and leave everything else blank. No kids no other job.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      Great question Annie! Filing status isn't determined by whether or not you rent/own/live in your own place. It is for single taxpayers with dependents. I'm glad you found this helpful.

    • @annieratliff9130
      @annieratliff9130 ปีที่แล้ว

      Thank you so much for responding. ❤

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      @@annieratliff9130 you're welcome!

    • @Miyadior
      @Miyadior ปีที่แล้ว

      You would need a qualifying dependent to be HOH

  • @hectorruiz1291
    @hectorruiz1291 9 หลายเดือนก่อน +1

    So where do you claim yourself?

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      We don't exemptions anymore. So there is no place to claim yourself. Those went away with the TCJA under our former administration. They will likely be back after 2025.

    • @hectorruiz1291
      @hectorruiz1291 9 หลายเดือนก่อน +1

      @@AmericasFavEA so I have 2 jobs. My part time job didn't with hold enough federal taxes. How do I fix that?

    • @AmericasFavEA
      @AmericasFavEA  8 หลายเดือนก่อน

      Use the chart and add additional income on line 4c.

  • @RainingRabbitz2
    @RainingRabbitz2 3 หลายเดือนก่อน +1

    Step 3 wait you said filling single with out kids. so it would apply to me. but i dont have dependents. so i claim myself ?

    • @AmericasFavEA
      @AmericasFavEA  3 หลายเดือนก่อน

      If you don't have dependents you can leave 3 blank.

  • @MultiJune1234
    @MultiJune1234 9 หลายเดือนก่อน +1

    Very helpful!!!! ❤

  • @paulinagutierrez1012
    @paulinagutierrez1012 ปีที่แล้ว +2

    This helped me a lot !! Thank you !!! 😇

  • @erinpnw4271
    @erinpnw4271 ปีที่แล้ว +2

    I’m still so confused. I’m so used to knowing myself as “single 0” but I want to add an exemption or however that’s referred to now.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Hi Erin,
      We have not had exemptions on the 1040 since the TCJA. That's when the standard deduction doubled. That's why you don't see it here on the W-4.

  • @sayedokie5710
    @sayedokie5710 ปีที่แล้ว +2

    Nice video I love it thanks

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      I'm glad you like it. Thank you!

  • @skippylearn
    @skippylearn 11 หลายเดือนก่อน +2

    Tks for this

  • @stephanieklatt6889
    @stephanieklatt6889 ปีที่แล้ว +2

    I filled out exactly like this but with 2 dependents, followed the tool and entered 4,000. But no FED taxes were held out of my paycheck. What am I missing?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Hi Stephanie! The withholding calculator may have figured your estimated liability to only be $4,000 when your W-4 information was entered so no Federal taxes would have been withheld. That would fall in line with someone making a certain amount of money.

  • @stephainesmith8061
    @stephainesmith8061 10 หลายเดือนก่อน +2

    How can I hire you to fill out my taxes? This is my first time. Could you please help me 🙏🏼

    • @AmericasFavEA
      @AmericasFavEA  10 หลายเดือนก่อน

      I'm not taking any new tax preparation clients and soon will no longer be offering tax preparation at all.

  • @John-lb4ex
    @John-lb4ex 8 หลายเดือนก่อน +1

    Is that really all it, it looks so empty? I’m single without any dependents and only have one job, so will my W4 look just like this example? So I don’t have to write down how much I want to be withheld from each paycheck on 4c?

    • @AmericasFavEA
      @AmericasFavEA  8 หลายเดือนก่อน

      4c is for additional withholding. It does look pretty empty compared to the W4s from before the TCJA

  • @sharongoh8392
    @sharongoh8392 ปีที่แล้ว +2

    Hi, how do I fill this 2023 W4 form if I want my employer to take the least amount of taxes out from my commission pay check. I file single and have no dependent and I am on 100% commissions but getting pay in W2? Please kindly let me know and thank you 🙏

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Hi Sharon, the new W-4s are designed for them to take out the least amount already. You'll only need to check the box that you are filing single.

    • @sharongoh8392
      @sharongoh8392 ปีที่แล้ว +1

      @@AmericasFavEA ok thank you and I appreciate your response 😊

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      @@sharongoh8392 you're welcome

  • @ericrathbun9836
    @ericrathbun9836 ปีที่แล้ว +2

    I'm single, itemize and currently claiming 1... I would like to change this to 2. Thoughts? I appreciate the explanation of the video! Thank you!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Hi Eric! You're welcome. On the 2023 W-4 there is no place to claim exemptions i.e. 1 or 2. Does your HR department have you filling out an up to date W4?

    • @ericrathbun9836
      @ericrathbun9836 ปีที่แล้ว

      @@AmericasFavEA I'm understanding I'll need to do this although I'm currently claiming 1 and I don't see anywhere on the new W4 form about exemptions (already figured this out) but if I keep this rate up, I'll end up with a hefty refund.. trying to eliminate this as much as possible.

    • @ericrathbun9836
      @ericrathbun9836 ปีที่แล้ว

      Update: I found out doing the worksheet gave me a number I needed for line 4b on the W4 form. Does that number need to be divided by the number of paychecks or left as is? Thank you again for your time!

  • @lizethridge3657
    @lizethridge3657 ปีที่แล้ว +3

    Very helpful. Where do we put our allowance at ?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      Hi Liz,
      Allowances were on the old W4s. Form W4 was updated under the TJCA, so a few years ago now.

  • @420waltliquor
    @420waltliquor ปีที่แล้ว +2

    How do you fill out a w4 if you have two jobs?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      You'll use the chart towards the back of the packet and opt into additional withholding. I go over that chart in the MFJ video.

  • @stephaniecolbert37
    @stephaniecolbert37 ปีที่แล้ว +2

    You skipped 3 i have no dependents and tryed to file exempt it wouldn't let me help pleases

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Section 3 is only for if you have dependents. The latest W-4 forms are made to have the least amount withheld. You can't go exempt or you'll owe.

  • @katrinawingate3138
    @katrinawingate3138 ปีที่แล้ว +2

    This was great because I was losing my mind

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      🙏🏾 I'm glad you found it helpful and I was able to help you keep your sanity.

  • @robert_o4_z713
    @robert_o4_z713 ปีที่แล้ว +2

    thanks for the help

  • @emynoack7344
    @emynoack7344 26 วันที่ผ่านมา +1

    Muy util, muchas gracias.

    • @AmericasFavEA
      @AmericasFavEA  26 วันที่ผ่านมา

      @@emynoack7344 ¡ de nada!

  • @Ros_always7
    @Ros_always7 ปีที่แล้ว +2

    I had 3 jobs in 2023, so do step 2 apply to me?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      With 3 jobs I'd advise using the withholding calculator. Especially if one or two of those is part time. Because if the amount you made from any of the jobs is less than the standard deduction there likely has not been anything withheld for them.

  • @akila353
    @akila353 ปีที่แล้ว +3

    Hi there! I’m currently getting too much withheld. I’m single, with no dependents and one job throughout the year. How do I fill out the form so LESS taxes are taken out and I get to keep more of my money? Please advise ❤️

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Hi Akila - the default is for it to withhold the least amount as possible. Did you have a significant pay increase between this year and last?

    • @ItsCherry504
      @ItsCherry504 ปีที่แล้ว +3

      @@AmericasFavEAI’m in her situation so should my W4 should say $0 all the way down because I have no kids and one job and I’m single. This is my first time using this form since my old jobs used the W4 form that allowed us to to put 1 for claiming ourselves and 1 being the least amount as possible since zero on that particular form meant more money coming out. This is the first I’ve seen this form…

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +3

      @@ItsCherry504 hi! I wish I could report employers that didn't update the W-4 for you all since it has been this way for a few years now. To have the least amount withheld you'd only check the box marking single and sign the form. No other numbers added.

    • @ItsCherry504
      @ItsCherry504 ปีที่แล้ว +1

      @@AmericasFavEA I also would like to add that I prefer to receive my same refund amount since I didn’t change jobs so do I put 1 on Step 4 letter C for “extra withholdings” to coincide with line 5 of the old W4? I need clarity on this part because I basically love my refund amount each year when I had the old form and I always had 1 for line 5 and since line 5 is now gone, does that mean I put it 1 on Step 4 of the new form or do I leave it alone and sign after I’ve filled out the top? Again, I don’t want to break even lol I want what I’ll usually get. What’s the best way to fill this out? (Reminder: I have no kids, and I’m single) but want to continue getting a refund that I usually get each year. The only thing changed is the form for my case. I appreciate your help.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      @@ItsCherry504 🥲yes, to get a bigger refund you would have more withheld on 4C. You can figure the refund amount you want and divide that by the amount of pay periods you have and put that on 4C.

  • @Sternschnuppen85
    @Sternschnuppen85 ปีที่แล้ว +2

    Is filing out section 4 always optional even if you do contribute to retirement? Thanks for your help-taxes can be so confusing

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +2

      You're welcome. Taxes can be very confusing and that's why I'm here. Section 4 is always optional, although I recommend filling it out for people who have multiple streams of income.

  • @KijuanaEllam
    @KijuanaEllam 9 หลายเดือนก่อน +2

    So what if your married filing seperately?

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      The same brackets for single apply. You can put single or MFS.

  • @alamgudiel7663
    @alamgudiel7663 ปีที่แล้ว +2

    Hey Timalyn, I am single with no dependents, can I skip steps 3 and 4 then… I even tried to use the IRS withhold calculator but it got me more confused…

  • @justinbieberfan474
    @justinbieberfan474 8 หลายเดือนก่อน +1

    So we no longer can put ourself as an dependent

    • @AmericasFavEA
      @AmericasFavEA  8 หลายเดือนก่อน

      Not since the Tax Cut and Jobs Act. You're already factored in when you put Single.

  • @jaysr707
    @jaysr707 7 หลายเดือนก่อน +1

    Do I have to mark 0 or 1 and then also under the extra withholding?What is the Minimum? Because I don't to owe like u did this last year but I don't want to pay to much either

    • @AmericasFavEA
      @AmericasFavEA  7 หลายเดือนก่อน

      If you have the option to put 1 or 0 it sounds like you have an old W4. The last year to put exemptions was 2017.

    • @jaysr707
      @jaysr707 7 หลายเดือนก่อน +1

      No sorry, these last two tax years i owed, so my question was as single do I claim 0 or 1 so that I don't owe for this year? But also do I have to put a minimum on extra withholding in order not to owe. I also do food delivery every now and then very loosely though. But I was talking more about my main job w4. Thanks!

    • @AmericasFavEA
      @AmericasFavEA  7 หลายเดือนก่อน

      @@jaysr707 understood. I was just saying there isn't even a space to put 1 or 0 on the 2024 W-4. You should just be checking the single box. You can choose to do additional withholding on line 4C. If the food delivery is contract work aka you receive a 1099 you can put the amount that you're estimating to receive on line 4a and withholding for that will be taken out from your W2 job.

  • @goldiesob
    @goldiesob ปีที่แล้ว +4

    Hi,How are you? In the old W-4 form before it was changed I use to claim Single and 0 to not risk owing anything on this new W4 Form if I just claim Single put my personal information and signature and leave everything else blank would that be consider as claiming Zero? Thank you!

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      The form is now designed to help you break-even. So you may not owe but I wouldn't anticipate a big refund.

    • @JoeJoe-qx4pr
      @JoeJoe-qx4pr ปีที่แล้ว +3

      Yeah I have also have had this issue. I despise them taking anything, but I absolutely loathe having to write a check at the end of the year after the holidays just concluded so I have always claimed single 0 as a safeguard against that. This new form throws that level of comfort out the window.

  • @MrTyronerobinson
    @MrTyronerobinson ปีที่แล้ว +2

    Thank you

  • @LucyLopez-st2yn
    @LucyLopez-st2yn ปีที่แล้ว +2

    Hello thank you for the tutorial it was great, but I want to know how to complete form w4 for my job to deduct one month of taxes that were not taken out for the month of January . Do I just complete the top and sign it and mail to them ?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +2

      Hi Lucy! The additional amount you'd like withheld spread over the remaining periods.
      For example if it's $500 you'd divide that number by how many paychecks you have remaining for the year.
      Then put that number on 4c.

    • @LucyLopez-st2yn
      @LucyLopez-st2yn ปีที่แล้ว

      @@AmericasFavEA Thank you!

  • @bobmarly9900
    @bobmarly9900 9 หลายเดือนก่อน +2

    thanks

  • @bailey5437
    @bailey5437 7 หลายเดือนก่อน +1

    Is this just a 1 time payment/deduction?

    • @AmericasFavEA
      @AmericasFavEA  7 หลายเดือนก่อน

      Line 4c is for every pay perid.

  • @hazelscott88
    @hazelscott88 ปีที่แล้ว +2

    @Timalyn Bowens, EA So, if this form is empty and only has my signature and the date, will federal taxes be taken?

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      If you make more than the standard deduction for you filing status, yes ma'am.

    • @charlotteandry10
      @charlotteandry10 6 หลายเดือนก่อน

      @@AmericasFavEA thank you! And, just to be clear, if we decide to do "Extra Withholdings", will it most likely lead to a tax refund? In other words, the federal taxes taken with this empty sheet will be enough? Or can that even be guaranteed? Is Extra Withholdings just moreso a cushion?
      I guess my main question is, how can i let them take out what they need without overdoing it, but also not just give away my money and get it back later? I'll be going into my first job in my career and want to do this once and not rely on a big refund, nor be worried about paying a big amount when i go into tax season. How can I, knowing how much I will make, set myself up for success with this?

  • @missige
    @missige ปีที่แล้ว +2

    Great vid. Thanks!! (Wednesday Friday Addams)

  • @Aisha26193
    @Aisha26193 ปีที่แล้ว +4

    I should be claiming my 🐶 at this point 🤧🤦🏾‍♀️

  • @brookef
    @brookef ปีที่แล้ว +2

    Wednesday’s full name is-
    Wednesday Friday Addams because she was born on Friday the 13th 😊

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Heeeeey now! I did NOT know the second part. Thanks for watching 😄.

  • @Sparkyj89
    @Sparkyj89 ปีที่แล้ว +1

    Honestly I’m tryna find out how to get 4 paychecks with the most money. Not paying much in taxes. Not sure how to fill it out like on 4b. I’m married and 2 kids. Don’t owe any. But I’ll be workin mg a lot of overtime this next 3-4 weeks and really need the money :/ please help. Not sure what $ I should put

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว +1

      Hi Jordan,
      I haven't done a video covering how to include dependents. But there is one on the page that covers how to fill it out if you are Married Filing Jointly on this page right now. 🙏🏾 Best Wishes to You!

    • @Sparkyj89
      @Sparkyj89 ปีที่แล้ว +1

      @@AmericasFavEA thank you. I haven’t messed with a w4 since 2018 lol. I remember once claiming 11 and once claiming 99. Just for a week or 2. Then paying more later. I just don’t know how to do that on these knew forms 😞 and I could really use the funds this next month. I know everyone’s is different but I can’t find anything on google or TH-cam to help with an example.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      @@Sparkyj89 oh, it's definitely been a while for you and the W-4 has changed because we no longer have exemptions i.e what you'd put 11 or 99 for. Here is the MFJ video. Section 3 is what you'll look at for the children.

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      @Jordan S here is the video you were looking for th-cam.com/video/8H0dE2cFFaU/w-d-xo.html

  • @ChrisMortall
    @ChrisMortall ปีที่แล้ว +4

    I think everyone’s here for section 3&4. Everything explained was the self explanatory parts. Thanks for the video though

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      Thanks for the feedback! Typically when someone is single with dependents they file as Head of Household. I show how to fill out part 3 in this video - th-cam.com/video/8H0dE2cFFaU/w-d-xo.html and I show how to fill out part 4 in a different video.

  • @albertamathurin7084
    @albertamathurin7084 8 หลายเดือนก่อน +1

    Wednesday FRIDAY Adams

  • @maytalcohen3
    @maytalcohen3 6 หลายเดือนก่อน +1

    Thank you, is it Frankenstein? Lol

    • @AmericasFavEA
      @AmericasFavEA  6 หลายเดือนก่อน

      It's Friday 😄

  • @stephaniemangold4209
    @stephaniemangold4209 7 หลายเดือนก่อน +1

    Her middle name is Friday

  • @lawrencebaity3187
    @lawrencebaity3187 ปีที่แล้ว +2

    This wasn't helpfull at all u only went over one page it's a whole packet please if u can go back and do the whole packet

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      This video is for a single person with no dependents and one stream of income. If you're looking for multiple streams you follow the married filing jointly example or head of household if you need an example of how to do it with children.

  • @calvertrobinson3790
    @calvertrobinson3790 9 หลายเดือนก่อน

    Not very helpful you should figure out exactly how much needs to be witheld from every check & not let the government calculate it for you.

    • @AmericasFavEA
      @AmericasFavEA  7 หลายเดือนก่อน

      If you'd like something more exact I suggest using the withholding calculator.

  • @reneec.venegas6560
    @reneec.venegas6560 9 หลายเดือนก่อน +2

    You didnt say WHERE to put in dependants to take home more money in your paycheck??? This was a lame video!

    • @AmericasFavEA
      @AmericasFavEA  9 หลายเดือนก่อน

      Single - no dependents
      Head of Household - unmarried with dependents.
      Looks like you watched the wrong video. Best wishes to you finding a HOH video to help you fill out your W4.

  • @samanthaduarte8297
    @samanthaduarte8297 ปีที่แล้ว +2

    what do i fill out if i dont want large refund at the end of the year

    • @AmericasFavEA
      @AmericasFavEA  ปีที่แล้ว

      If you're single check that box and sign it.