Personal information and filing status, If you do not want your employer to withhold federal income taxes, you would write exempt here. Doing so could lead to owing a lot of federal income taxes at the time of filing. , Anything added here will decrease net pay and decrease the chances of owing additional taxes at the time of tax filing, Anything added here will increase net pay and increase the chances of owing additional at the time of tax filing, This step is often necessary for someone who is married or with multiple jobs to calculate the correct amount to withhold.

Form W4

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