Form W-4ME 2023

Welcome to tax teach my name is sean i'm a certified public accountant specializing in taxation today i want to teach you guys about form w-4 and the basics behind the form and how to fill out the form itself so form w-4 employees withholding certificate is a form that when you fill it out it determines how much taxes withheld on your paycheck so that's why it's so important for w-4 you fill it out then you give it to your employer then your employer puts that into their payroll system and then the payroll system calculates how much taxes are to be withheld on each of your paychecks so you want to fill out form w4 accurately and that's why today i want to go over how to fill out the form w-4 you should fill out a form to be for whenever you get a new job or when you have a life event life events like let's say you get married or you have kids because this situation these kind of situations affect how much taxes are you're gonna owe throughout the year so without further ado let's go check out formw4 and i'm gonna show you guys how to fill it out here's a 2023 form w-4 in all of its glory in this example i'm just going with a single taxpayer with one job and no dependent so very simple form w-4 um so step one you enter your personal information your name where you live and your social security number then you check single because we're doing a single taxpayer but if you're married you'd collect married filing jointly or head off household if you're ahead of household but for now we're going to go with single and then you go down to...