What is the purpose of the W4 form?
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The purpose of the W-4 form is to inform your employer of how much federal income tax to withhold from your paycheck. By submitting this form, you can indicate your filing status, the number of allowances you’re claiming, and any additional amount you want withheld. This helps ensure that the right amount of tax is deducted based on your personal financial situation, minimizing over-withholding or under-withholding throughout the year. If you have any more questions about tax forms or need deeper insights, feel free to ask!