What is a W-4 form?
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A W-4 form is a tax form that employees in the United States fill out to indicate their tax situation to their employer. It informs the employer how much federal income tax to withhold from the employee’s paycheck based on factors like marital status, number of dependents, and any additional income or deductions. This helps ensure that the correct amount of tax is withheld throughout the year, which can affect the size of the employee’s tax refund or the amount they owe when filing their tax return.