Should you enter zero on IRS Form W4 2023?

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  • เผยแพร่เมื่อ 21 ต.ค. 2024

ความคิดเห็น • 64

  • @luvdaisies823
    @luvdaisies823 ปีที่แล้ว +16

    I hate this new W-4 form. It frustrates me to no end because I now need my husband’s paystubs which I have to go online and his job is like Fort Knox trying to get info. I’m not happy with the IRS that they changed this form. I really wish they would go back to the old one.

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว +8

      You wouldn't have to fill it out at all if we had the Fair tax act...just saying.

    • @luvdaisies823
      @luvdaisies823 ปีที่แล้ว +2

      @@TravisSickle I agree!

    • @JoeJoe-qx4pr
      @JoeJoe-qx4pr ปีที่แล้ว

      I just wish the IRS simply didn't exist at all and wasnt allowed to steal from citizens 🤷‍♂️

  • @nathanschnitzler9535
    @nathanschnitzler9535 ปีที่แล้ว +26

    How do I fill out the form so I can get a larger pay check? I dont care about a refund during tax season.

    • @joeneuman3799
      @joeneuman3799 ปีที่แล้ว +3

      Add the amount your want to owe at the end of the year to section 3.

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว +3

      it's your money.

    • @Michael-yx2un
      @Michael-yx2un 6 หลายเดือนก่อน

      Be careful, if you don't allot enough towards taxes those greedy bastards will charge you 8% APR for every dime you are under. Better to pay slightly over than under.

  • @MissLVang-wt3py
    @MissLVang-wt3py ปีที่แล้ว +3

    I greatly appreciate your videos on this. I'm so glad that I'm not getting a large refund or owing on my federal taxes in 2022.

  • @seek8739
    @seek8739 ปีที่แล้ว +7

    I thought you couldn't put 0 or 1 anymore since the tax law changed and doubled the standard deduction?

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว +3

      Someone didn’t watch the video. 🤔

  • @joeneuman3799
    @joeneuman3799 ปีที่แล้ว +8

    Why would I want to loan the IRS any amount of money before it's due?

  • @lorrainea.285
    @lorrainea.285 ปีที่แล้ว +2

    This is off topic but you have such a beautiful family. I was paying attention but also looking at the beautiful family picture in the background🥰 4 kids has always been my perfect number☺️ Wishing you all a beautiful life & thank you very much for your informative videos☺️

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว +1

      Thank you so much! We have another one on the way so I'll have to update that picture soon. 😎

  • @ValentineFamily1489
    @ValentineFamily1489 27 วันที่ผ่านมา

    They took all of our income tax last year and didn’t give an explanation why or what we owed for we did used to own a business and lost it due to Covid. Could the business be the reason why we owed in and they took our $9000 income tax check

  • @TvHostAndy
    @TvHostAndy 5 วันที่ผ่านมา

    random question....does it matter if u completely write out your ssn as opposed to xxx-xx-1234? does it make a difference?

  • @dennishipsley8703
    @dennishipsley8703 10 หลายเดือนก่อน

    Any money extorted by the IRS with tegard to the " Federal" Income tax by law is considered a GIFT or Bequeathment to the Treasury so therefore the tax cannot be considered MANDATORY OR COMPULSORY and so the tax IS voluntary which the IRS says it is!!!!

  • @JAnne-ef7ii
    @JAnne-ef7ii หลายเดือนก่อน

    Hi, is it correct to say that if we claim zero on w4, we will receive a bigger refund at the end? Or is it worth it?

  • @xX_Templar_Xx-1
    @xX_Templar_Xx-1 9 หลายเดือนก่อน

    I’ve done this my whole life and for the 1st time I’m going to change it from 0 to 2. Why should I give the irs my money all year long without making interest.

  • @leeleesmith9638
    @leeleesmith9638 10 หลายเดือนก่อน +1

    How can I do the estimator when I’m a new hire? It’s asking for my ck amounts etc.

  • @karamiller6200
    @karamiller6200 8 หลายเดือนก่อน

    How do i will out my W-4 if i am married filing Jointly but my husband is now retired with a pension? Then how do i fill out his W-4P?

  • @jeffredd5508
    @jeffredd5508 ปีที่แล้ว +1

    Not trying to be rude but I'm more confused now that I watched some of your videos than before I watched them. I have been claiming zero on my W-4 for years. Same with my wife. Now my teenage daughter is asking me how to fill out this new form and it has no place to put 0.. and I don't know whether or not she's going to make over 12,000 or not. And if she doesn't claim anything and they don't take any taxes out how is that going to affect us when we file her as a dependent next year

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      If she makes more or less that the standard deduction doesn’t matter for claiming her as a dependent. It’s about the amount you pay, which is probably most of it. So you can then claim her as a dependent.
      If she makes over 12k, the withholdings will adjust. You should just estimate and if it changes you can update it by filling out a new form.
      In a nutshell, the w4 estimates your total taxes and withholds that amount divided over all your paychecks.
      The old method was changed in 2017. Claiming zero is not a thing anymore.

  • @pierludovico5046
    @pierludovico5046 ปีที่แล้ว +1

    Hi-I watched your video for Married filing jointly. My husband has 2jobs and I have 1.I recently discovered that 1of his jobs is not withholding any federal taxes and his second job is only withholding a very little. My paycheck has accurate federal witholdings. We will for sure owe. My issue is I do not want to change my withholding because that would increase my witholding but I'd rather adjust his 2 jobs' witholdings. Should I then only enter 2 jobs on the online estimator?

  • @Shalom151
    @Shalom151 4 หลายเดือนก่อน

    I changed my W-4 . 2 to 0 but my pay check increases by 30$ I’m confused

  • @kokotv9478
    @kokotv9478 ปีที่แล้ว +1

    So if my family has one income, my husband's, and we file married filing jointly and have 2 children under 17...can I just claim $2,000 (one dependent) so I get a little more take home, but still end up with a refund? Or will I still end up with a refund if I claim both kids. Our taxes are pretty straight forward, claiming the standard deduction and no other notable frills. My husband just got a new job and I'm trying to figure out what to on the W-4 so we don't end up paying at tax time! :) Thanks!

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      did you use the online estimator?

  • @YadiraLopez-xl2cf
    @YadiraLopez-xl2cf 8 หลายเดือนก่อน

    So I did the online estimator, and when it generates the W-4 it shows number 3 as 1,300 but number 4 as O what does it mean. Thank you

  • @brittneevaughn6966
    @brittneevaughn6966 10 หลายเดือนก่อน +1

    So I'm single with no dependents and my mom has always told me put 1 for federal but she doesn't know why. Surprisingly I had filled out the Tax Withholding Estimator before I found your video. Am I supposed to put 1 or 0? The Estimator also said the Government owes me (a lot of) money because more tax than necessary is being taken out. I'm so confused. Please help me. I have so many questions

    • @robinlee9109
      @robinlee9109 3 หลายเดือนก่อน

      Im dealing with the same exact thing. Which one did you choose?

  • @bryanhauschild4376
    @bryanhauschild4376 ปีที่แล้ว +1

    I don’t have pay stubs and am starting a new job so the estimator doesn’t work for me.

  • @iprotons6640
    @iprotons6640 ปีที่แล้ว +1

    BUT WHAT DOES IT MEAN??!? IT JUST SAYS ENTER 0 OR 1 BUT DOESNT EXPLAIN EXACTLY WHAT IT MEANS!?!?!?!

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      What exactly are you reading that says enter zero or one?

    • @javonte102donuts3
      @javonte102donuts3 8 หลายเดือนก่อน

      @@TravisSickle exempt either enter 1 or 0

  • @Rude2375
    @Rude2375 ปีที่แล้ว +1

    It what if want to have bigger refund , I relay on 401k for retirement , so I can balance out my self employed wife , thoughts ?

  • @thomaslaskowski5431
    @thomaslaskowski5431 ปีที่แล้ว

    bigger tax return smaller paycheck put zeros? correct?

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      equals free loans for the government.

  • @musiq002003
    @musiq002003 ปีที่แล้ว +1

    The IRS Income estimator doesnt show the same like in your videos

  • @angelwatchingvideos
    @angelwatchingvideos ปีที่แล้ว +1

    is leaving it blank the same as writing zero?

  • @TYKT898
    @TYKT898 ปีที่แล้ว +1

    Paying taxes IS VOLUNTARY a COMPLIANCE…👀👀👀

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว

      posting comments like this doesn't help anyone.

  • @thomasshelby9551
    @thomasshelby9551 8 หลายเดือนก่อน

    me and wife put 0 we both owe 3500, how

  • @Admes359
    @Admes359 7 หลายเดือนก่อน

    What a scam the old form was easy to just claim 1.

  • @nickhrisoulas1749
    @nickhrisoulas1749 11 หลายเดือนก่อน +2

    I only put zeros cuz it's me

  • @martafranco1848
    @martafranco1848 ปีที่แล้ว +1

    Buenas noches Ud podría poner subtítulos a sus videos en Español (Spanish) please 🙏

  • @Supafreshh15
    @Supafreshh15 11 หลายเดือนก่อน

    Have to pay to get access to discord server :(

    • @TravisSickle
      @TravisSickle  11 หลายเดือนก่อน +1

      TH-cam memberships can join for free.

  • @zackw5769
    @zackw5769 ปีที่แล้ว +2

    So all the immigrants in my warehouse use except because they are on a work visa. Nice.

  • @USSHammerology
    @USSHammerology ปีที่แล้ว +2

    The majority of people frantically searching videos trying to figure the w-4 out are high school kids that need a quick cut and dry tutorial. Fill out the top portion then sign it.

    • @TravisSickle
      @TravisSickle  ปีที่แล้ว +1

      That’s not always correct, even for a high schooler. Maybe they qualify for exempt. No blanket answers.

    • @alittleofthatandalittleofthis
      @alittleofthatandalittleofthis ปีที่แล้ว

      That's what I do - I like to claim 0 so they take out as much as possible so i get a bigger refund.

  • @ryan159
    @ryan159 ปีที่แล้ว +1

    SOOOOOOOOOOOOOOOOOOOOOOO confusing