All Posts

Your W-4 form tells your employer how much federal income tax to withhold from your paycheck. If you don’t update it when your financial situation changes, you might not have enough tax withheld. This can cause you to owe money when you file your tax return. Here are key reasons to keep your W-4 current: Avoid underpaying taxes: If too little tax is withheld, you may owe a large sum at tax time, plus interest or penalties. Prevent overpaying taxes: If too much tax is withheld