The new version of Form W-4 was updated to be in line with the Tax Cuts and Jobs Act (TCJA) that was passed in 2018. The form has been simplified, and certain sections have been removed. If you want to update your federal income tax withholding, here's w
But, if you’re married, you can opt for the lower withholding married rate or the higher single rate. If you are married but plan to file separate returns, consider selecting the single rate to better reflect what you’ll actually owe. Alternatively, you might also want to use the marrie...
It helps to know how withholding works before you fill out your W-4. Your federal income tax withholding is based on the filing status and number of allowances that you claim on your W-4. Single filing status generally puts you in a higher tax bracket than married. The more allowances ...